jhabermas

Bullish Scenario for Bitcoin

Long
BITFINEX:BTCUSD   Bitcoin
Don't lose hope in face of all the bearish TA and be greedy when others are fearful!

Now I don't think this is a very likely scenario but may be something to look out for. The challenging part is going to be crossing through all the heavy resistance around 300 dma. I also think we may go down further to January low around $6000 before that has a chance of happening, but that wouldn't invalidate the pattern, only make the head slightly larger.
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