AlanSantana

Bitcoin Inverted Head & Shoulders Pattern To $55K?

BITSTAMP:BTCUSD   ビットコイン/米ドル
We looked at the 4H timeframe for Bitcoin and saw the lines forming a potential C&H pattern.

Now we are looking at the daily and a potential iH&S is showing up.

This is a bullish pattern but it isn't complete, it has yet to form.

Looks like a valid one, when we consider the last low...

What's your take?
Can this pattern shoot Bitcoin up to $55K?

It is likely... There is plenty of room for a bounce before the final crash of this bearish wave.

Leave a comment & hit LIKE to show your support.
Check the "Related ideas" below.

Thank you for reading.

Namaste.

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