NumbWolf
Long

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.
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