majorlee

Bitcoins 1hr chart poss inverse H&S

Long
majorlee Updated   
COINBASE:BTCUSD   Bitcoin
Trading under 8000 again, we may see another push on the recent highs to finish the week off

US open shoqwed quick sell off followed by some solid bids going in

gotta break the neckline to be valid

these three tests of the support/resistance line show a strong bullish signal for intraday

targeting 8250-8300 and then expecting a bounce back down if volume is low towards 6800 area, but lets see, one step at a time...

Trade closed manually:

its not shaping up right IMO

if there is a sharp price rise/pump in next 2hrs it might look more likely but am closing this idea now

thanks for watching and remember to keep an eye on our daily charts:




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