BitbullTrading

Inv. Head & Shoulders Pattern at Bitcoin!

Long
BITSTAMP:BTCUSD   Bitcoin
Hello Everyone,

attached is a view of the larger 4h timeframe. Here you can clearly see that we are forming an Inverse Head and Shoulders PAttern.

This is a bullish chart pattern and could take us back towards $50,000.

I've also drawn you the resistance zone where I think Bitcoin could run into some trouble and not immediately break to the upside.

Feel free to write it in the comments what you think!

P.s.: Stay healthy and take care of yourselves!

Yours

BTCMoneymaker


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