Technical Analysis 18-02-2018 | Bitcoin inverted H&S formation

Bitcon is still on the right track

Although it is still in a bear market here is why we remain optimistic from a technical analysis point of view:

We have just made a "V" which could be our head in the event of seeing a very large inverted H&S.
Although a rebound on our violet resistance to bring us down to 6000$ is conceivable, we continue to offer bullish analysis in view of the latest news we have been able to read that were "all" positive.
If an inverted H&S is not in sight we could simply follow this elliott wave in order to breakout of this bearish resistance.

Although we don't want to climb up too quickly, are you optimistic about breaking this bearish resistance in the days to come?

Tell us what you think about it in the comments.

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