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cybernetwork

Inverse Head and Shoulder superimposed over an upward trend..

Long
Bitcoin (BITSTAMP:BTCUSD)  
cybernetwork Updated   
BITSTAMP:BTCUSD   Bitcoin
Head and Shoulders Technical Indicators Fundamental Analysis higherhigh positivemomentum
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headandshoulders indicator fundamental higherhigh positivemomentum
Asymmetric inverse head and shoulder pattern: due to the pattern being super-imposed over a significantly upward moving baseline trend, propelled by inflation fueled by the global money printing?

Another point/consideration to add to the bullish narrative.

SEE ALSO:
BTC:USD -- Acceleration gaining, pulling up Momentum.
BTC:USD -- Acceleration gaining, pulling up Momentum.

Determining if we are in a Bull/Bear market
Determining if we are in a Bull/Bear market with FUSUONGAPS V4
Comment:
BTC price looking over extended on the 3 hrly on PRISM Oscillators, and might come down again to retest ichicloud and ~50 SMA (and which also is at the 78.6% Fib) at 11.5kUSD IMO.

However hourly momentum picking up again, and oversold on that timeframe according the the PRISM oscillators.
Comment:
Long-term target range:
snapshot
Comment:
Target: Between 16.5k-17.5kUSD
Comment:
Caution for the shorter term:
PRISM Stochs of pRSI oscillator still in overbought state.
snapshot
However, the AJ-ribbon looks to be reversing upwards now, which will pull momentum (which have been dwindling) up ahead.
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