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BTC/USD correction reversal (Inv H&S)

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Published: 12 Feb 2018 › Updated: 12 Feb 2018BTC/USD correction reversal (Inv H&S)

BTC/USD correction reversal (Inv H&S)

Screenshot from 2018-02-12 12-47-07.png

Objective Observations

  • No major fundamental attack
  • No catastrophic (systemic and critical) event
  • Downtrend primarily profit taking and secondarily news-driven since November (amplified by governmental regulatory discussions)

Assumption

  • Big money front-running. Market being artificially suppressed.

Anticipating breakout towards $10k OR bull-trap back to previous low support of $6k

Up is good for all of crypto, including STEEM. Down is good for people who want to buy more.

via Trading View -- see the interactive chart here

Leave BTC/USD correction reversal (Inv H&S) to:

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Unconventional Warfare is one of my happy places. #GreenBeret in a previous life. I don't take kindly to tyrants.

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