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Oops_I_Charted
2017년 11월 21일 오후 7시 46분

Bitcoin BTCUSD - Inverse Head & Shoulders, $10k scenario 

Bitcoin / DollarBitfinex

설명

Looks like a pretty clear Inverse Head & Shoulders (which is a bullish continuation pattern in an uptrend)

The target line coincides nicely with the 10k range a lot of people have been expecting, which is a huge psychological target. And it would make sense to run up to those levels in anticipation of the CME Futures market launch on Dec 11.

There was a small dip back below the neckline on the Tether news, which quickly recovered - very bullish in my opinion. That's the kind of news that would have done some serious damage earlier in the game and now it's just a blip.

Just to speculate:
There is a bearish divergence on the stochastic RSI and there's also a major US holiday coming up, so if I had to take a guess I'd say that we might get close to or hit 9k in the next couple days, then fall back to test the neckline on or just before Thanksgiving - then assuming it bounces off, reach 10k over the next week or so.

Personally I'm long from about 8000ish, and will add to my position if it returns to the neckline and bounces off again. Will close my long if it fails to take off or closes a candle below 7800ish.

Good luck!
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