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HijackedT

Bitcoin (Double Bottom Reversal & Inverse Head And Shoulders)

Long
Bitcoin (BITFINEX:BTCUSD)  
HijackedT Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis BTC
2
0
trendanalysis btc
Bitcoin currently moving downward looking for a strong volume of buys just before the $6000 level. This would allow for the inverse head and shoulders to still be valid and for a double bottom reversal to be formed. Both of these patterns are bullish and combined with a soon oversold RSI and bullish crossover of the MACD near the upward trend line there is going to be a huge upward trend. $6100 - $6500 has been marked as a potential buy area.
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