Hi!
This it a fairly simple idea.
Inverse Head and shoulders pattern developing on the 1h - 4hr charts btc/usd. However not a trend reversal so maybe it doesn't count...
It means there is potential for a jump past the current $8200 resistance to somewhere around $8500 or even as high as $9600.
I haven't added MA resistance points to keep things simple.
That is all. My first post so don't rip me apart too much.
This it a fairly simple idea.
Inverse Head and shoulders pattern developing on the 1h - 4hr charts btc/usd. However not a trend reversal so maybe it doesn't count...
It means there is potential for a jump past the current $8200 resistance to somewhere around $8500 or even as high as $9600.
I haven't added MA resistance points to keep things simple.
That is all. My first post so don't rip me apart too much.
Comment:
The more likely double top seems to be happening, retrace to $7400 or $6800 as we are overbought then up up up again.
Investoor from New Zealand.