BitbullTrading

Inv. Head & Shoulders Pattern at Bitcoin!

Long
BITSTAMP:BTCUSD   Bitcoin
Hello Everyone,

attached is a view of the larger 4h timeframe. Here you can clearly see that we are forming an Inverse Head and Shoulders PAttern.

This is a bullish chart pattern and could take us back towards $50,000.

I've also drawn you the resistance zone where I think Bitcoin could run into some trouble and not immediately break to the upside.

Feel free to write it in the comments what you think!

P.s.: Stay healthy and take care of yourselves!

Yours

BTCMoneymaker


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.