Inverse Head and Shoulder superimposed over an upward trend..

6 Ogo 2020

Asymmetric inverse head and shoulder pattern: due to the pattern being super-imposed over a significantly upward moving baseline trend, propelled by inflation fueled by the global money printing?

Another point/consideration to add to the bullish narrative.

SEE ALSO:
BTC:USD -- Acceleration gaining, pulling up Momentum.

Determining if we are in a Bull/Bear market

7 Ogo 2020

Nota

BTC price looking over extended on the 3 hrly on PRISM Oscillators, and might come down again to retest ichicloud and ~50 SMA (and which also is at the 78.6% Fib) at 11.5kUSD IMO.

However hourly momentum picking up again, and oversold on that timeframe according the the PRISM oscillators.

7 Ogo 2020

Nota

Long-term target range:

7 Ogo 2020

Nota

Target: Between 16.5k-17.5kUSD

9 Ogo 2020

Nota

Caution for the shorter term:
PRISM Stochs of pRSI oscillator still in overbought state.

However, the AJ-ribbon looks to be reversing upwards now, which will pull momentum (which have been dwindling) up ahead.