itradearn
Long

Bitcoin BTC USD Forecast - Two Bullish Reversal Patterns

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Chart is in the middle of completing the head of the H&S pattern. This will be BTC's first attempt for a bullish reversal and get back to the good old days. However if Inverted H&S fails, BTC has another hope - double bottom at $6,000.

I believe that if BTC falls below $7,500 it would continue to drop to critical support at $6,000 and hopefully once again find support to climb back up.

This is not an investment advice, always do your own research.
Trade closed: target reached: Spot on!

Inverted Head & Shoulders Pattern complete. Bullish trend confirmed.
SPOT ON!!!
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