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Nickonomics
1 jun 2018 14:34

Bitcoin (BTC): Massive H&S Bottom 

Bitcoin / DollarBitfinex

Beskrivning

Inverse H&S pattern is emerging on Bitcoin chart. To my mind, this is the most probable bullish scenario. 7100 is the invalidation level.
Kommentarer
sashaohio
You were spot on the money last time, when you predicted reversal around 7260, let's see how this pans out :) Thank you for all your input!
Iaroslav_B
Inverse H&S at work.
PatrickBislev
You mean this is an inverse hs? this is a good sign however.
R21
From the stock exchange there are two traders, one in shorts, the other completely naked. Naked says that in shorts:
"This is Vasya, for which I respect you, you can stop in time."
Wolverinos
your Elliott waves on the other hand are rubbish..
Wolverinos
could be, but it's not the nicest H&S ... if you draw your rising wedge bigger, we're in a larger rising wedge atm. just hoping this is a bullflag and breaks out above the high of May 24 or 7700
GabrielVasile
I told you
rafbie
I think this one might be of interest to you.
BTCryptic
@rafalbielenia, The only problem I see with that is..everything I've read about a symmetrical triangle show that the odds are it will be a continuation of the current trend line. I've read everything from 75% (continuation) to most recently a tweet from Peter Brandt stating something like 67% (I think). I see the same pattern, and really appreciate your optimism, but I'm a bit more of a skeptic myself.
Mer