deadremains
Long

Bitcoin Inverse H&S Update

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
249 views
2
249 0
Morning chaps!

As you can see from the most recent candle close (right on the sloping neckline), we're starting to form a fairly textbook inverse H&S .

Buying volume has increased but we've still got the 50 EMA (in orange) closing in as overhead resistance.

Closing above the neckline, blue horizontal resistance and 50 EMA will confirm my current bias.

To summarise: I'm cautiously awaiting a bounce or resistance/support flip before pulling the trigger.

That's all for now peeps!

---

In the words of Carter Thomas "None of this is professional advice, just a random dude on the internet giving his opinion" :D
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out