Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation.
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike
Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2.
If we breakdown through support we could see a drop to ~1600 USD
Watch for RSI to climb back into the upward channel to confirm a spike
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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.