Bitcoin Daily Chart 28/01/2020.
My view is we are setting up for a long term Inverse Head and Shoulders pattern. The short term Inverse H&S pattern from the end of November to early January has played out nicely with an approx $2000 gain. So I would expect a longterm H&S could reach a new ATH.
At present on the Daily Chart, we have a Lower High on Price and a Higher High on the RSI which could lead to lower prices over the next week or so. Expecting price to drop back to $7800--8000 area. Consolidate for while then start the real bull run by end Feb.
The lower purple line is trendline from Feb 2019. Expecting price to stay above that otherwise, we will definitely be back into Bear territory.
GLTAH.
Chart, page-492
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $38.98M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.6¢ | 4.2¢ | $35.62K | 807.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110333 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 400000 | 1 |
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| Last trade - 15.59pm 01/11/2024 (20 minute delay) ? |
| DCC (ASX) Chart |