btgraph

#Bitcoin Inverse Head and Shoulder possibility, Long Term 79k

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
#Bitcoin possible play-out. Inverse head and shoulder formation might happen and we may test a bit lower if we break 56k around 54k then straight to higher levels unless we enter Accumulation phase once again.
We are still in a bullish channel if you zoom out the charts. Relative Strength Index is nicely cooling off and at present is still pointing at a bit more correction from current levels.
Possible play-out with updated charts.
Comment: Hoping to see this formation playout.
;)