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NicTrades
Feb 11, 2018 4:34 PM

BTCUSD hourly inverted head and shoulders Long

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

Description

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BTCUSD triggers a bullish pattern above neckline resistance, trendline resistance from the start of January highs and the 0.236 Fib retrace level from the December 2017 highs and targets are 11200 and 12800.
Back above round number 10,000 could trigger some FOMO.
Chart PatternsBTCUSDInverse Head and Shoulders
Comments
jackdavidpiney
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Nic..... Great fucking work.
ctealdi
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But what about the smaller H&S, currently forming the right shoulder?
NicTrades
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@ctealdi, yes that looks good also
TomPower
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@NicTrades, currently hugging the right shoulder trendline, any break of that we might go lower
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