stackingsatsandeth

BTCUSD possible short-term scenario

Short
BITSTAMP:BTCUSD   Bitcoin
Big moves are soon likely as we approach a breakout from an inverse head and shoulders pattern and an ascending triangle.

Always remember that these patterns -- although they are technically bullish patterns -- can still break down; don't place a trade until there is a confirmed breakout with volume.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.