Bitcoin inverse H&S

6 feb 2018

Inverse head and shoulders potentially being made on the short term chart. Trend line, .5 fib retrace and 50ma coming into confluence in circled zone.

6 feb 2018

Nota

target if proper break/continuation achieved

6 feb 2018

Nota

Key area first

6 feb 2018

Nota

200DMA in the vicinity

6 feb 2018

Nota

big volume in this key resistance area

6 feb 2018

Nota

Remember the correlation (inverse vix)

6 feb 2018

Nota

Similarities with sept 2017 crash

7 feb 2018

Nota

?

7 feb 2018

Nota

8 feb 2018

Nota

So right shoulder held nicely to that support. Now testing neckline + .764 fib retrace & R1 in area.

9 feb 2018

Nota

Finally going to break this .764 retrace + double top (r1 level).
Longer term target is back to 100DMA up @~$11600.

10 feb 2018

Nota

pivot & .5 fib off 1st wave

11 feb 2018

Nota

New pivot points & R1 and the .5 fib retrace will still be the level to push through with wave 2 potentially in place

11 feb 2018

Nota

Inverse H&S to push us to test ~9k again?

11 feb 2018

Nota

Shorter term ^ will be battling this 4h H&S

12 feb 2018

Nota

Back to the 200dma

12 feb 2018

Nota

Same thing. This 9k level needs to be broken