Bottom formation (Inverted H&S) suggests rally higher

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
After breaking below $6800 major support level , BTCUSD has started to stabilize and show signs of bottoming with accumulation. Inverted Head & Shoulders formation suggests that buyers are slowly stepping in and have reached an equilibrium with sellers. Look for a break above $6800 to get long with conservative targets at $7800 and extended targets at $10,000.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out