Possible Inverted Head and Shoulders Pattern on Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

As you can see in the chart, we may be in the process of making an Inverted Head and Shoulders Pattern on Bitcoin , https://www.freeonlinetradingeducation.c... .

To confirm this pattern, we will need a close above $11,000 USD on Bitcoin . If we do, that should give us a price target of about $17,000 USD.

An encouraging sign is that we made a Hammer Candlestick Pattern on Thursday 15 of this week, https://www.freeonlinetradingeducation.c... .

So well see, it is looking good to me.

Good Luck to You All
Looking good, we just had 3 up days in a row since I mention it. I guess you just could not expect a better timing. MACD is close to giving us a buy signal. But we still need to move above $11,000 USD to confirm the pattern.

This one would be an insane one, but im not counting that out :P
yeah let's long
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