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brandoncaddowyoung
Mar 7, 2021 1:21 PM

Inverse head and shoulders - BTCUSD 4H Long

Bitcoin / U.S. dollarBitstamp

Description

Looks like there is a potential change in trend given the inverse head and shoulders that looks to be forming.

If it completes, it will test the 52,000 mark. If price breaks through that resistance we could see it go upwards from there.

If price fails to break through this resistance we could see the downward trend continue.

I will be looking to buy at around 53,000.

What do you think?
Comments
Serhioromano
My analysis is different but resolve to the same 52k point.
brandoncaddowyoung
@Serhioromano, Interesting. What's your theory?
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