BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin moving in downtrend black channel. We touched support line of this channel and now forming right shoulder in reversal pattern - Inverse Head and Shoulders . 4450-4550 area resistance zone .
If we break our this level we can go to the resistance line of the black channel 4850 (50% level fibonacci) - 5250$ area (61.8% fibonacci level).
12H RSI - Oversold

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Some may want to read my new idea
+1 Reply
Nice call Excavo. You did nail this one perfectly.
What?! Your update...Do you think we haven't reached the lowest point of the right shoulder yet? Then what does this 300$ pump mean?
+6 Reply
find here where it’s going! Don’t miss out on the big rally!
BTC – positive ratio on the wealthiest wallets -
remember july
+1 Reply
BTCUSD H1 C UP. checkout the idea detail's and updates for the complete picture.
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