BITCOIN (BTC) Update: H&S Shoulders...bullish or bearish?
Here is a very large H&S Bottom that implies more bullish and higher prices for Bitcoin. The Left Shoulder (LS) and Right Shoulder (RS) are set and the Neck Line (horizontal white) has been pierced convincingly.
The fact that the LS is not very symmetrical to the RS is a deviant attribute. Also, the H&S Bottom is occuring during an uptrend and they are most formal during an overall down trend. So these are the exceptions I've made and still calling it bullish.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
It is bullish although I have a tough time calling it a H&S formation.
But I do see how you could call it that. If it is the case, without being able to read your number but going from memory, that would put the price at about $5400 before it reverses.
Looking forward to $5400!