Juvssss

Inverse Head and Shoulder. Target 39K-40K

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Juvssss Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
Hi everyone,

Thank you for considering reading my idea.

This is a separate update of my previous idea (see related idea below). My previous idea is that this could be an inverse head and shoulders pattern. I have been following this pattern since the formation of the head 2 days ago. Now, it seems like it's almost done forming the pattern. We should see a target of 39-40K (2.414 level of fib retracement)

Like this idea and follow me for more analysis like this. TAYOR.

Cheers,
Juvs
Kommentera:
Added a long position near the point of the right shoulder. Now, we are now breaking the neckline. We want to see a test on the neckline before going back up

Kommentera:
We tested the neckline and we confirmed the pattern.


This ascending triangle in 15m chart will help us reach the target.

Kommentera:
Still getting support in the neckline

Kommentera:
We keep getting rejected on the 37K level

Kommentera:
Target reached


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