ChadGowens

Wedge / Ascending Triangle Formation - Possible Reverse H&S?

Long
BITFINEX:BTCUSD   Bitcoin
On the Bitcoin Daily we can see the ascending triangle that's formed out of the double top we had. Wedge formation as well.

I believe we'll see a reverse head and shoulders form after this big push up.

If we can close above the 200 MA there will more than likely be some big up movements.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.