BITCOIN: Three reversal patterns spotted.

in #beyondbitcoin7 years ago

Three reversal patterns spotted in Bitcoin (BTC/USD)

Check out near resistance line of the down trend channel.
There are 3 potential reversal patterns:

btccomplex2.JPG

1)Inverted head and shoulders

2)Cup and handle

3)Falling wedge

Volume profile is a very useful tool to see key levels

btccomplex4.JPG

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.


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https://steemit.com/trading/@luiggih/vertcoin-looking-for-a-3000-trade-in-2018
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Thanks for Reading!


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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

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.

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