JustCrypto
Long

BTC Bottome at $3000 ? - Inverse Head & Shoulders ? - Recovery ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoins current down trend is forming a noticeable/possible Inverse H&S (Not Required To Be Horizontal Like Most Think).

- First note the big signal of sell volume followed by movement up to the "Neckline" forming the "Left Shoulder"
- Then a vast increase in Sell Volume again, and movement up to the neckline for confirmation, forming the "Head"

- Ideally, movement will follow to the "Neckline" again for rejection, ultimately creating the increase in Sell Volume and forming the "Right Shoulder".
- Then followed by an increase in Buy Volume to create a "Breakout" and Test current support, triggering a possible Bull Rally.

- The "Target" is the same distance from the top of the head to the "Neckline".



This is just one of many options.

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