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BTC/USD Long

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It looks like BTC might be forming an inverse head & shoulders
A reversal here could form the right shoulders
in that case we have to wait for a break of the neckline, which would give us confirmation that the inverse H&S is in play
Target as shown in the graph

If we go a little more into detail we can spot a short term high velocity decline leading to the pattern, which results in the best post breakout performance
The volume is also highest on the left shoulder followed by the head and trends downward which is a typical feature of the inverte H&S

Lets wait and see.
Dagangan aktif
We had a nice breakout and our buy order got triggered
Nota
I took some profit here
Dagangan ditutup: sasaran tercapai
bitfinexbreakoutBTCUSDChart PatternsInverse Head and ShouldersLONGTrend AnalysisWave Analysis

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