kaleemsajid
Long

Bitcoin Inverse H&S with target $4950

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is forming inverse H&S with a depth of about 825 from neckline to head.
The breakout of such formation can lead it to around 4950ish area.

We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.

Good luck out there.

Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Trade active: 3909.89
Trade active: Second entry 3840.31
Trade active: 3rd entry 3831.33. One to go.
Trade active: 3850.87
Trade closed manually: Took profit.
iH&S pattern not intact anymore.
Comment: Oh boy. This was spot on.
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