PatekCharts1

Second inverse head and shoulders pattern for weekly close?

Long
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.

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