Bitcoin is setting up an Inverse Head & Shoulders pattern

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I count the spike to the low of 3,462 into my green target box on 22 Jan 2019 as the low of the corrective wave ( b ) of ( i ). That implied we have started a rally in wave ( c ) of ( i ) up. That wave ( c ) should be subdivided into five waves of smaller degree. We might have completed wave i up with a spike up to 3,750 on 26 Jan 2019.

We can get a great long setup if price gets back to 3,600-3,550. In terms of a wave analysis that would be wave ii down. What is important, such a drop would draw a conventional trading pattern – Inverse Head and Shoulders which is a great long setup.


BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture!
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 Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out