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!
Note
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 showNote
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 boxesNote
Btc in big trouble if it falls below 1 day 50 EMA and confirms it as resistance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.