ChartChampions
Long

Second inverse head and shoulders pattern for weekly close?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
How i see this weekly close playing out. Hopeful team bull can pull off this inverse head and shoulders pattern(again), and also break out of this week long downwards chanel. Would target Bitcoin at $6850 if pattern plays out as there is heavy resistance there. Alternatively we breakdown from this chanel's top and head back down towards $5800 support.
Comment: Was a nice profit to be made here, if one longed bottom of right shoulder up to neckline resistance. Unfortunately the resistance was too big to break through for more profits, and we're now heading back down.
Daily updates of my positions and technical analysis @ https://twitter.com/ChartChampions and https://www.youtube.com/ChartChampions
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out