BitcoinDiupdate BTCUSD - Breakout
BTCUSD recently broke out of a symmertrical triangle and now things are lining up to complete a Inverse Head and Shoulders Pattern.
My last post was a long call for an Adam and Eve pattern. If this Inverse Head and Shoulders pattern is completed, the breakout potential would push BTCUSD through the Adam and Eve "neckline." A lot of things are beginning to line up right now and the long term potential looks very strong. The RSI has also recently broke 60 on the 1 day interval, and the MACD flipped a U-turn and is heading back towards the center-line. Its all bullish.
My last post was a long call for an Adam and Eve pattern. If this Inverse Head and Shoulders pattern is completed, the breakout potential would push BTCUSD through the Adam and Eve "neckline." A lot of things are beginning to line up right now and the long term potential looks very strong. The RSI has also recently broke 60 on the 1 day interval, and the MACD flipped a U-turn and is heading back towards the center-line. Its all bullish.
Catatan
Would look for a full 4 hour candle to close above 10,000 before calling the breakout official. A brief breakout and fall back could occur, so wait for it to be official.
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