BITCOIN: Three reversal patterns spotted.
Three reversal patterns spotted in Bitcoin (BTC/USD)
Check out near resistance line of the down trend channel.
There are 3 potential reversal patterns:
1)Inverted head and shoulders
2)Cup and handle
3)Falling wedge
Volume profile is a very useful tool to see key levels
But first we need break out resistance line of the down trend channel.
RSI and Stochacstic looking overbought, which at this point can be a confirmation of the upcoming bull cycle.
You might be also interested in:
https://steemit.com/trading/@luiggih/vertcoin-looking-for-a-3000-trade-in-2018
https://steemit.com/beyondbitcoin/@luiggih/siacoin-potential-x20-in-2018-all-you-need-to-know-about-this-undervalued-coin
https://steemit.com/beyondbitcoin/@luiggih/vechain-getting-ready-for-a-40-move-ven-btc
https://steemit.com/trading/@luiggih/trading-long-usd-jpy-14-to-1-r-r
Bitcoin moves on news (and rumors), those are the only trends to follow.
Buy the rumour sell the news... or buy drunk and sell high! lol
good
Thanks durotan!
Love the chart pictures!
Much appreciated tombort!
you can revisit my last TA here @.
This post has received a 4.00% upvote from @aksdwi thanks to: @luiggih.