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NYFinancials

[BTC] Bullish Inverse H&S Symmetrical Fractal?

Bitcoin (BITFINEX:BTCUSD)  
NYFinancials Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC Bitcoin (Cryptocurrency) reversal Inverse Head and Shoulders Cryptocurrency
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trendanalysis chartpattern indicator btc bitcoin reversal inverseheadandshoulders cryptocurrency
If the inner pattern plays out (purple), the outer (cyan) might be more likely to happen, which would increase the likelihood that we've bottomed out long term.

DISCLAIMER: This entire idea becomes meaningless if breakout above 8400-8500 doesn't occur in the next couple days.

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So far so good! 50-hr MA preparing to cross the 200-hr MA. Crossing point could be a potential support as BTC continues to consolidate. Strong bounce from this cross would be a signal for continuing upside. A common MA cross pattern, just waiting for it be confirmed
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Pattern isn't playing out as theorized. Scrapping this play, going to adjust for different patterns and trendlines to base trades off of. This one was kinda longshot anyways, a guess that was made too far out.

Gotta stay dynamic!
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