itradearn

Bitcoin BTC USD Forecast - Reversal Religion

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Never have I witnessed traders praying so much in my life. Praying for a bitcoin bullish reversal.

Chart shows that 50-100-200 MA stands in the $9,200 area. BTC needs to reach that point within days and try find stability. Reversal could occur either through Inverted Head and Shoulder pattern. If H&S fails, plan B kicks in for a double bottom at $6,000 area.

Let's hope for the best.

This is not an invesetment advice, always do your own research.
Trade closed: target reached: Precisely!

Inverted Head & Shoulders complete. Confirmed bullish trend.
Kinda looking like a rising wedge right now and just a small correction until we go lower... We'll see though
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