Bitcoin probably make a inverse head and shoulder pattern.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
hi everyone
in this night btc has decreased fast after pumping.
as you see, btc is in rising edge.
i think btc break the rising edge resistance , after then, will fall down to 7462 level. it will bounce from this level.
when it happened in this way, there will be inverse head and shoulder.
By this tecnique, btc target is 9600
Why is this a short strategy? Looks like your targets are long
TraderMikabot TheCryptAlpha
@TheCryptAlpha, 8037->7500 short 7500-xxxx long :)
Inverse head and shoulders do not occur at the top of trends, however, this is crypto. So let see :)
+1 Reply
TraderMikabot OptimalTrading
@OptimalTrading, you are right :)
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