Bitcoins 1hr chart poss inverse H&S
Updated
Trading under 8000 again, we may see another push on the recent highs to finish the week off
US open shoqwed quick sell off followed by some solid bids going in
gotta break the neckline to be valid
these three tests of the support/resistance line show a strong bullish signal for intraday
targeting 8250-8300 and then expecting a bounce back down if volume is low towards 6800 area, but lets see, one step at a time...
US open shoqwed quick sell off followed by some solid bids going in
gotta break the neckline to be valid
these three tests of the support/resistance line show a strong bullish signal for intraday
targeting 8250-8300 and then expecting a bounce back down if volume is low towards 6800 area, but lets see, one step at a time...
Trade closed manually
its not shaping up right IMO
if there is a sharp price rise/pump in next 2hrs it might look more likely but am closing this idea now
thanks for watching and remember to keep an eye on our daily charts:
![Bitcoins possible Cup & Handle toward a $10k target BTC [BTFD]](https://s3.tradingview.com/j/JQFhUGqG_mid.png)
![Bitcoin vs USD 3 Chart Forecast towards August and beyond [BTFD]](https://s3.tradingview.com/3/3TAwdlmV_mid.png)
![Bitcoin Daily - Inverse H&S + signs of reversal? [BTFD]](https://s3.tradingview.com/b/b1iGfoKp_mid.png)
Related publications
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.