BTC/USD - Bullish Scenario | Inverted H&S 19/3/18

in #bitcoin6 years ago (edited)

Holla!

Found another possible outcome if we are to stay Bullish.

This large impulse will need to retrace a little bit soon, if it does we may see a right shoulder form and a little beautiful Inverted H&S along with it.

We have been doing well settling nicely ontop of the $8,100 support, but we may eventually break that to form our right shoulder.

Unsure on this count but thought i would share the potential.

Right Shoulder Target : $7,936 - $7,816 (hopefully stays around $7,900)
Inverted H&S Target : $9,545 (TBA : unsure if it'll play out)

Again, THIS IS ONLY IF WE STAY BULLISH!

lets see how price moves over the rest of the day!

MY CHART:

Screen Shot 2018-03-19 at 1.46.22 pm.png

Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!

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For future viewers: price of bitcoin at the moment of posting is 8235.80USD

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