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DaveAnderson

BTC INVERSE HEAD & SHOULDERS 4HR

Long
Bitcoin (BITFINEX:BTCUSD)  
DaveAnderson Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis
3
0
trendanalysis
There is an inverse head and shoulders playing out on the 4 hr.

Neck line has been confirmed, a bounce off the 0.618 Fibonacci will form the right shoulder.

Accumulate around 0.618, 1st target at the 0.5 will give us at BTC price of USD10.5k

Short if we fail to bounce on the 618.

Comment:
Right shoulder appears to be playing out
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