BTC Inverse H&S Set-Up

The initial breakout of the mid-term downtrend was denied, as many expected, although it seemed to take some effort, which is a good sign moving foward. The short term upward channel has been acting as solid support for the past bull run, and it matches up well as a bounce point for the current retrace within the larger head and shoulders pattern. A break below the upward channel would indicate further selling; i would be looking for support at the $9000 area, which is also the 50% fib retrace from the past bull run. That would be consistent with the last minor retrace before breaking out of the mid-term downtrend back in August.

*Disclaimer* While this isnt my first chart, it is my first post and i'm not looking to give advice or set expectations. This is simply an idea; I have learned a lot from this community and would like to continue that growth, so any feedback or constructive criticism is welcome and would be appreciated.

ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出