GODrums
Short

BTC inverted H&S formed - With Swing trading targets!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bearish trend after perfectly formed H&S . Look for 50% fibonacci at 7237
Trade closed: target reached: Sorry, of course inverted H&S means a bullish trend! I am sorry, I was half asleep when I saw this pattern and I just rushed to publish it.
But we saw this pattern work and we were quiet right with it.
Reverted H&S is bullish.. maybe more a tripple top here ( around 8370 )
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looks alright to me..all we now need is price confirmation.
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thats a bullish formation not bearish
+1 Reply
arrie1992 rakimala
@rakimala, lol, indeed
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GODrums rakimala
@rakimala, yeah, I was still half asleep, sorry!
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This pattern doesn't mean what you think it means.
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GODrums EuroDale
@EuroDale, oops sorry, I was mistaken and you are right :) I am still half asleep
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Its an inverse Head And Shoulders. Isn't it a buy signal?
+1 Reply
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