15min Inverse H&S BTCUSD -- Bounce to 23.6fib retrace?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This could be the end of the downtrend, or just a retrace up to the 23.6.

In the short-term, there is a long opportunity up to $11,200 based on an inverse H&S on the 15min.

Uncertain about long-term sentiment. Could see it bounce off the 23.6 back into a downtrend.
Comment: Forgot to mention that we have bullish divergence on the momentum oscillators against price. This can also be seen on the hourly.
Trade closed: target reached: Target of $11,200 reached.

Upside potential still there. Need to continuously monitor the 23.6 fib.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out