mdyassink

BTCUSD Possible Inverse Heads and Shoulders Pattern On 4 Hrly

Long
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BTCUSD is possibly forming an inverse heads and shoulders pattern on the 4hrly. Has to clear around 50000 for a breakout. Breakout initial target 53000 and further bullish movement target is around 55000 which is the next resistance in the ascending parallel channel pattern that formed since late July.

Just sharing an observation.