Ok, this is way out in advance but I am going to go out and just make a prediction of a forming Inverse H&S to come. We will obviously retrace lower from this rally at some point soon. We have the pressure of the long term trend line coming up the side (dotted red) and if this holds as a support, it will have a high probability of pushing BTC into an inverse head and shoulder type pattern that could complete by the end of the year 2018 and bring us to 13K. You saw it here first!
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To clarify, the long term trend line is actually not in the frame... I thought it was but only if I have the chart in log mode does it actually showComment
Posted in comment below... like I said, did not expect this big of a rally but that is trading... I will be looking at areas in the boxesComment
Btc in big trouble if it falls below 1 day 50 EMA and confirms it as resistanceDisclaimer
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