Long

BTCUSD Inverse H&S/Rising Wedge

Updated

Calling a Inverse H&S currently forming the second half of a head, rising wedge and RSI indicating it's getting ready for a drop into the right shoulder, then we go up till Christmas!

Note

Also expecting 6800-6400 to be Right Should rebound point based on the Ichimoku cloud

Trade active

Price has broken into the cloud and based the Tenkan Sen and Kijun Sen.. looking now to see if it pulls itself back out or shoots through (as I expect it to thanks to the bearish soldiers on the linked chart) and carry on down.

Has been fun to follow along with the bounce off 8k!

hawkdawg

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