Auf geht's
DrDovetail

Inverse head and shoulder target on bitcoin = 47700

Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTC Bitcoin (Cryptocurrency) Inverse Head and Shoulders bullishbreakout 1day 1daychart
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trendanalysis chartpattern btcusd btc bitcoin inverseheadandshoulders bullishbreakout 1day 1daychart
Almost to the full breakout target of this inverse head and shoulder pattern I posted awhile back. If you view this same pattern on the logarithmic chart it gives you a much higher target around 64-65k but I think the linear chart’s lower target shown here has much higher probability of being reached. Eventually the other target will get reached but we will probably see a sizable correction before that full target is achieved imo. *not financial advice*
Kommentar:
A retest of the neckline before reaching the full target wouldnt surprise me.
Kommentar:
Inching closer to the breakout target, a retest of the neckline has grown less and less probable to occur before it hits the full target, though still a possibility.
Kommentar:
Target hit on Jan 11th.
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