Inverse Head & Shoulders Formation for BTC & DGB Log Charts

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Bitcoin (BITFINEX:BTCUSD)

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BITFINEX:BTCUSD Bitcoin

Chart Patterns Trend Analysis

chartpattern trendanalysis

Idea is valid if and only if these conditions are met for BTC & DGB:

1. Price breaks above the downtrend line and finds support
2. Strong buy volume

This chart is posted as an experiment to see how the price behaves. It is not investment advice.

Komen:

A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:

ABC Correction Scenario for BTC & DGB

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Head & Shoulders formation on DGB USD log chart:

Head & Shoulders Formation on DGB USD Log Chart

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If this BTC idea plays out then the alts will get slaughtered:

The Descent of Bitcoin to $1,826

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BTC buy zone based on Fibonacci levels: $4,384 - $1,819

BTC Buy Zone: $4,384 - $1,819

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BTC bullish pennant scenario:

BTC Bullish Pennant

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Questions for your consideration regarding Bitcoin:

BTC Gets Wrecked Scenario Before an Epic Run

Komen:

This idea may be right after all.

Penafian

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