TommieV

Inverse H&S

TommieV Updated   
BITSTAMP:BTCUSD   Bitcoin
Small chance with the break out of an ascending triangle we could see an inverse H&S targets 8500(0.5fib retracement) or if that breaks we might can hit 8800
Comment:
There is an resistance coming down from previous symmetrical triangle, Very small chance for the head and shoulders to play out, I would have liked to see a stronger buy pressure so I took profit from my long wich I opened at the 100 weekly MA.. I might open a small short at the resistance that is coming down
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