$BTC - Inverse H&S Pump to $5200; Dump to $4800; Free fall?

13 Nis 2019

Clear inverse head & shoulders forming, should break up to $5200. IF we can hold that level & grind up to $5300 the bullish movement will continue.

If we cannot clear & hold $5200 within the next 24 hours price will likely dump to $4800 leading to an eminent free fall to where we started.

Overall I am leaning towards opening a low leverage short somewhere between $5100-5200.

13 Nis 2019

Not

Inverse head & shoulders failed to form. Sideways movement at this level should break down to the $4775-4800 level. The short play is looking better & better!