NodeInvestor

Small Inverted Head & Shoulders on BTC

Long
BITSTAMP:BTCUSD   Bitcoin
I prefer that these patterns were formed on the daily charts as they are much more powerful then. However, it looks like BTC is breaking out of a nice little inverted Head & Shoulders pattern on the hourly charts. Good to see it bounced and didn't head back down around the $2,600 mark. Bitcoin looks good here.
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.