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BTC INVERSE HEAD & SHOULDERS 4HR
Bitcoin
Long
BTC INVERSE HEAD & SHOULDERS 4HR
By DaveAnderson
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Updated
May 5, 2018
3
May 1, 2018
There is an inverse head and shoulders playing out on the 4 hr.
Neck line has been confirmed, a bounce off the 0.618 Fibonacci will form the right shoulder.
Accumulate around 0.618, 1st target at the 0.5 will give us at BTC price of USD10.5k
Short if we fail to bounce on the 618.
May 5, 2018
Note
Right shoulder appears to be playing out
Trend Analysis
DaveAnderson
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