BaconNick

Inverse H&S setup

BaconNick Updated   
BITMEX:XBTUSD.P   Bitcoin
Looks like we might be at a small bottom with an inverse H&S forming the head right now (Daily chart). Expect some short term sell and then possibly long at the formation of the right shoulder
Comment:
Was waiting on confirmation of the right shoulder forming. We could have been working with a bull flag that broke up and was in a long from the breakout at 6300.

Stop triggered after flag broke downward, could be formation of the right shoulder but waiting for more confirmation

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