tradingwithyg

BTC Inverse head and shoulders play (long)

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COINBASE:BTCUSD   Bitcoin
BTC is going through consolidation after retesting $8.4k level (resistance/pattern neckline). I can see this pattern acting as a continuation pattern further to the upside. If price can break above and hold the $8.4 level I can see it continuing up towards $10k. Price faced some resistance around $9.9k back in March and May of 2018. Will need a volume spike to see this pattern come to fruition. Resolution should come soon as price is nearing the apex of the asymmetrical triangle.

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