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bobbysto18
Jul 11, 2018 11:14 PM
BTCUSD - Inverse head and shoulders on smaller timeframes
Long
BITFINEX:BTCUSD
240
Bitcoin / Dollar
Bitfinex
Description
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Jul 11, 2018 11:14 PM
BTCUSD is showing an inverse head and shoulders on the 4hour timeframe which would imply a proceeding bullish reversal will occur.
In the higher timeframes (day, monthly and weekly) I am still bearish with BTC.
Trend Analysis
BTCUSD
USD
BTC
Comments
MilkBread
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Jul 11, 2018 11:35 PM
inverse head and shoulders are formed by powers that play on larger time frames I can guarantee you will not find projected targets via h&s patterns on smaller time frames to any significant manner.
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