Bitcoin Inverse Head & Shoulders Update

Bitcoin Inverse Head & Shoulders Update

Bitcoin / U.S. dollar BITSTAMP:BTCUSD



Most would consider this a busted pattern, but if you applied Bulkowski’s formulae you would see it made his target if not the absolute as shown before!

https://thepatternsite.com/hsb.html

B + (( NL – HL) * 71%)

B = Break of neckline
NL = Neckline
HL = Head Low
71% = Percentage meeting price target