was formed on 06.05 at 19:45:22 (UTC+0)
signal strength 2 of 5
signal strength 2 of 5
According to the chart of M15, #Bitcoin produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 93332.69 while the median line of the Neck is set at 94601.09/94768.85. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #Bitcoin will go towards 94769.08.
The M5 and M15 time frames may have more false entry points.
Figure
Instrument
Timeframe
Trend
Signal Strength
