DrDovetail

potential inv h&s in play

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COINBASE:BTCUSD   Bitcoin
we can see here how the neckline of this inverted head and shoulders pattern(in yellow) converges with the top trendline of the green symmetrical triangle pattern. My presumption is this is where it will complete the head of he pattern then see a slight pull back to create the right shoulder...my guess is the the peak of the right shoulder will be somewhere near the ascending red trendline although one last wick below it as a bear trap would also make sense. Of course we could just keep blasting upward and not form an inverted head and shoulders at all but I think probability current favors one and it would help give us the momentum needed to break up out of the larger symmetrical triangle pattern as well.
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