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BitcoinMaximus1

Bitcoin Inverse Head And Shoulders

Long
Bitcoin (BITFINEX:BTCUSD)  
BitcoinMaximus1 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinusd BTCUSD btcusdlong bitcoinforecast Inverse Head and Shoulders breakout bitcoinprice
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trendanalysis chartpattern indicator bitcoin bitcoinusd btcusd btcusdlong bitcoinforecast inverseheadandshoulders breakout bitcoinprice
The Bitcoin price has been decreasing without experiencing any type of bounce for a while. I think that is about to end.

The price is trading inside an hourly range of $7750-$8050. Inside this range there is a:

-Possible inverse H&S
-Price is trading above the middle of the range.
-Bullish divergence in the hourly RSI

The price will soon break out from this range and head to $8250.
Comment:
snapshot

Here is the breakout, expecting $8250 soon.
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