BTCUSDT: A reverse H&S pattern found

Updated

Completing the reverse H&S pattern and breaking the resistance (11,800$) will make BTC grow. With the Segwit completion (Wednesday) it is likely to grow and to target next resistance (13,000$ or even further). Not completing the reverse H&S pattern will lead BTC to next support at 9,200$

Note

So far so good, BTC is heading towards the circle i drew. If it crosses the neck line, it is very likely to see BTC going to 13,000$

Note

If BTC can break this oblique resistance (between 10,500$ and 10,300$) nothing will stop it to complete the reverse H&S pattern

Note

BTC is going exactly WHERE i told you and WHEN i told you. At the moment, it broke the previous downtrend created by December’s ATH (when it reached 20,000$). Completing the reverse H&S pattern will cause BTC to break 12,000$ resistance, and from that to have a good bull run until 13-15,000$.
This could really be the end of the correction.

Stay tuned and trade with your brain

BrainSignals Team

Note

BTC hit the target EXACTLY WHERE and WHEN i told you. It bounced back from that resistance, which is also a 0.382 retracement line.
BTC is expected to go back on the next support around 10,200-10,400$ or even further around 0.236 retracement (9,300$)

Trade with your brain
BrainSignals

Brainsignals

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.