BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
A reverse head and shoulder has formed on BTC while breaking out of the bear trend line that is visible at the edge. There is some momentum going for BTC according to the 50 and 23 EMA which could push it a bit further. A possible reversal could happen after that but if no major whipsaw happens this could be a good entry point if you think the correction is over. Most of the signals look pretty bullish but don't expect a huge upside just a slow upward momentum until FOMO kicks in.
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