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crow1980
Mar 6, 2020 8:05 PM

BTC Inverse H&S  

Bitcoin / U.S. dollarBitstamp

Description

We have a golden cross on the daily, with a macd turning bullish along with the RSI just barely below 50.

If momentum holds up and this does play out, that puts a target of just below 14k, matching the previous rally high. The Inv H&S is a bit sloppy on the left shoulder but could still play out as a downtrend reversal. I'm a nobody so don't use my advice to trade!

Comment

A look at it from the weekly point of view

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