BTCUSD Quick Idea

1 Mar 2018

So this is my first btc chart, nothing fancy here just an idea.

To me it looks like the ABCDE correction has complete and now formed an inverse head & shoulders .
On the up side, I'm looking at the top of the right shoulder to see if it breaks 11,200.
On the flip side, I'm looking at the bottom of the right shoulder to see if it breaks 9,500.

Based on my two points I can confirm long or short.











I'm not giving any advice here nor should you trade based on any of my idea's. Good luck and trade at your own risk.

8 Mar 2018

Not

Inverse h&s failed. Possible new scenario. Double bottom inverse h&s.