BatterT

Inverse head and shoulder on daily chart BTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Possible iHnS forming on the daily. If neckline is broken, we could expect a rally up to 7.4-7.5 k, where the next logical resistance is.

As a major reversal pattern, invers Head and Shoulders Bottom forms after a downtrend, and its completion marks a change in trend.
Comment: Bullish close in resistance area and currently holding support. We need to break above 6.8k for a rally to 7.3k.
Trade closed: target reached: Trade closed, traget reached.

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