FirstClassCrypto

BTC Inverse H&S projected target range

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BITMEX:XBTUSD.P   Bitcoin
Ok so I am sure you have all seen the inverse H&S shoulders pattern floating around on TV. To start, Wave 1 (recent pump) ran all the way up to the .618 fib, really strong move, usually price only goes up to the 0.382 on the first wave. This leads me to believe this possible H&S pattern in fact will be playing out! Now using projecting sticks (green & yellow) you get the vertical length between the neck line and the peak of the head, this is your projection. Here you can see we have taken our projection sticks and placed them on the neck line. Take a look, these projection sticks bring us right up to the next zone of resistance after the resistance from the neck line, take another look, projection sticks bring us right up to the 2.618 fib extension! FirstClass Crypto has been LONG since 3600 but if you haven't managed to enter into a long for this bullish ride enter into laddered entries at the two red lines (0.382 & 0.5) from wave 1. Enjoy!

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