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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out