jpbrown1023

BTC - Inverse Head and Shoulders

BITFINEX:BTCUSD   Bitcoin
Bearish cross on the MACD means we are probably destined for lower prices here shortly. I'm anticipating the BTC price to fall back to the green downtrend line, gather support, and rebound back to the neckline line, thus completing the inverted head and shoulders pattern. Given a head height of ~$1,400, my target price is $10,000 if this pattern were to complete.
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