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15min Inverse H&S BTCUSD -- Bounce to 23.6fib retrace?
Bitcoin
Long
15min Inverse H&S BTCUSD -- Bounce to 23.6fib retrace?
By NumbWolf
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Updated
Jan 17, 2018
3
Cheer
Cheer
Jan 17, 2018
This could be the end of the downtrend, or just a retrace up to the 23.6.
In the short-term, there is a long opportunity up to $11,200 based on an inverse H&S on the 15min.
Uncertain about long-term sentiment. Could see it bounce off the 23.6 back into a downtrend.
Jan 17, 2018
Comment
Forgot to mention that we have bullish divergence on the momentum oscillators against price. This can also be seen on the hourly.
Jan 17, 2018
Trade closed: target reached
Target of $11,200 reached.
Upside potential still there. Need to continuously monitor the 23.6 fib.
Fibonacci
Head and Shoulders
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