Inverse Head & Shoulder Pattern Forming!! The “Inverse Head & Shoulders Pattern” is a candle chart formation that is one of the most reliable indicators which can signal that a downward trend is ending and a rally is setting up. On heavier buying volume Look for a strong pump north over the next 72 hours and a Possible Retest of last Friday’s low of $10,900!!!!
Exercise patience and wait out this Selloff/Dump before entering a Long Position at 50X-75X Leverage!!!! A solid entry price is in the $9,950-$10,200 range.
If we can get a UTC Close over the next 72 hours above $10,900 that will open the doors to $12,000 levels but if the price continues to dip and closes below $9,850 in the next 72 hours that would invalidate the Inverse Head & Shoulders Pattern and open the doors to a selloff to $9,300. That's not likely to happen..