Inverse Head and Shoulders Formation Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ May 19, 2020 11:46 PM

There is a clear inverse head and shoulders formation on the daily chart. The depth is 1100 USD. I expect a rally till 10.6K. Previous ascending triangle's depth also confirms that area.

Trend Analysis Chart Patterns Bitcoin (Cryptocurrency)bitmex BTC BTCUSD XBTUSD xbtusdlong xbtusdlongs

Comments

EmrahY

⋅ May 20, 2020 10:57 PM

lol. where is the IHS?

evolmk99

⋅ May 20, 2020 11:29 AM

uhh. not an IH&S.. what u seeing ?? or how.. or ... i'm so confused

ali_ertem

⋅ May 20, 2020 12:03 AM

I don't see any IHS. Look's more lika a rising wedge which is showing us weak momentum imo...