BTCUSD: SHORT TERM TARGET 9.500

BTCUSD allready passed by panic lows and now building a reversal pattern. The pattern could be a classic inverted head & shoulders pattern.

Short term target is at arround 9.500 US Dollar.

Target should be reached until Sunday Evening CET.

Comment:

BTC stopped upside momentum @ 9.1k. Inverted head and shoulds pattern is still likely to occur:

UNCH: BTCUSD: Inverted S-K-S closed to be completed

Comment:

Trade active:

UNCH: BTCUSD: Inverted S-K-S closed to be completed

Trade active:

Bitcoin extended a rebound on Monday as the regulatory concerns that have plagued digital currencies this year showed signs of subsiding.

Bitcoin climbed 2.6 percent to $8,774 at 10:26 a.m. in London, bouncing back by almost 50 percent since dipping below $6,000 in intraday trading Feb. 6, according to composite Bloomberg pricing. Alternate coins Ripple, Ether and Litecoin advanced at least 3.5 percent.
www.bloomberg.com/ne...tory-fears-peter-out

Trade active:

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Comment:

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade active:

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade active:

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade active:

Target @ 9.500 almost reached.

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade active:

Target @ 9.500 almost reached. Trade ready to close.

UNCH: BTCUSD: Inverted head & shoulders pattern close to be completed

Trade closed: target reached:

TRADE CLOSED, target almost reached. This trade is closed because otherwise to many trading ideas are open wich need to be covered daily. To close USDBTC is no decission if BTC might rise further - or not.