TradingView
ChrisOh
Dec 24, 2017 6:29 AM

BTC Upward Trend Signs Long

Bitcoin / Tether USDPoloniex

Description

Looking at the first giant jump to nearly 20k$, I took a look at possible patterns that might have prompted it. One noticeable inverse-head-and-shoulders jumps out at me. Could this be similar? Check out the fractal-like copy at the very end, just finishing up.

Comment

looks like the final shoulder is closing up nicely.

Trade closed: target reached

Great reversal, but the upright head and shoulders pattern seems to loom over the whole mountain. Best of luck!
More