BTC Trend Reversal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC just crossed the neckline of a head & shoulders on the 5 minute chart and just about to on the 15 minute and 1 hour charts as well
The inverse head and shoulders on the 15 min chart played out perfectly! Congrats :)
GuttyCoin bagofXMR
@bagofXMR, Thanks buddy!
Nice spot. Volume doesnt seem to match (as it should be higher in the left shoulder and higher in the breakdown, but in this structure it is higher in the head. But the structure seems perfect. Let's see how it plays out.
This head and shoulders is targeting 11600-11800, and i'm targeting 12k, so i think it has big odds of playing out.
Good luck and trade safe
Unrelated to this, if you want to check mi insihts in a higher TF, i'm keeping more or less up to date this idea
GuttyCoin bagofXMR
@bagofXMR, ahhh I see. I'm very new to charting but love it! Thanks for the info! Agreed, let's see how this plays out
+1 Reply
bagofXMR GuttyCoin
@GuttyCoin, IF you are new to this, i recommend you this site, helped me a lot in the past and i still use it to check some patterns i'm less used to them.
It is not neither the most beautiful site nor the most famous one, but it is in my very humble opinion, the best info you can find on patterns theory.
GuttyCoin bagofXMR
@bagofXMR, Thanks!!!!
GuttyCoin bagofXMR
@bagofXMR, Also I love XMR and I mine it!
bagofXMR GuttyCoin
@GuttyCoin, You deserve my respect for mining XMR :) Is not the most profitable coin to mine, but certainly is the best project to support. I currently think it owes a correction, potentially as low as 60 bucks (you can check my chart) but i have no hesitation to say that it is the best crypto-project since bitcoin inception.
GuttyCoin bagofXMR
@bagofXMR, For sure. I think there will be a big push for privacy as more people learn about crypto! And also the tail emissions for miners is a great idea
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