PossibleInverted head and Shoulder formation
Good evening everybody, could it be time to buy bitcoin? At present time situation is similar to year 2015 when market collapsed at the beginning of year and recover since the end of february. That year BTC made a top at the end of may. Time could be ripe for a big recover of BTC with ambitious target e.g. 18000. BTC has to break the 50 period MA, the negative trend line started by the top and the neckline where eventually place a buy order. Pay attention to RSI and MACD indicators that are forming positive divergence. Published for educational purpose only.
"A picture is better than thousand words"
"A picture is better than thousand words"
Disclaimer
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.