BitcoinLong
BTC/USD Potential inverse Head and Shoulders
We could be seeing an inverse head and shoulders
forming on BTC/USD Low Time Frames.
It looks as though the MA50 is beginning to curl
upwards headed toward the MA100. Crossing that
then headed for the LTF golden cross as well would
give more indication that we are headed for
more bullish continuation.
Firstly however, we need to keep a close eye on
~$55,900...
deviation below that is fine but a clear 1D close below
and we should take our bull goggles off until the lockdown
rumors settle down or play out.
Until then, an iH&S target would put us at ~$65,900
forming on BTC/USD Low Time Frames.
It looks as though the MA50 is beginning to curl
upwards headed toward the MA100. Crossing that
then headed for the LTF golden cross as well would
give more indication that we are headed for
more bullish continuation.
Firstly however, we need to keep a close eye on
~$55,900...
deviation below that is fine but a clear 1D close below
and we should take our bull goggles off until the lockdown
rumors settle down or play out.
Until then, an iH&S target would put us at ~$65,900
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