rickyjb
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since Mar 7, 2018
barr
btcusd
chartpattern
inverseheadandshoulders
parallelchannel
trendanalysis
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So this is my idea for a possible inverse head and shoulders on the BTC chart. The bump and run reversal played out more or less (drop after break of main trendline) but has recovered quickly since then. Please like so I can earn enough reputation points to leave comments! Thanks.
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So I had a look to see how well this pattern fits the current bitcoin chart and it fits really well. Chart is self explanatory. Edit: When I created this the trendlines were aligned properly, for some reason publishing has moved them around - no idea why.
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My idea for a trading opportunity on BTCUSD, graph is self explanatory. Stop loss at 8800, take profit at 9.7K & 10K.
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