Gordonrmck

BTC USD Long Trade. Possible 25% rise

Long
Gordonrmck Updated   
BITFINEX:BTCUSD   Bitcoin
BTC looks to have completed an inverted head and shoulders pattern. I have plotted the major lines of resistance and one of support. I'll be watching it carefully but expect it to reach around $12,500

Comment:
BTC formed an inverted cup and handle and continued down. I'm expecting it to bounce off of 8,800 which will be the support line and the .618 of the complete BTC wave to date.
Comment:
Sorry, the first chart was an old one for some reason.
Comment:
These charts are how I will be trading and not for trading advice. I appreciate any tips or feedback you have as this is how I will be trading and am happy to receive advice.
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