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RE: Bitcoin - The end is near! BTC Analysis 06.02.18
Hi mr-swiss, this is a clear Inverse Head and shoulders pattern, after a downtrend signals a potential reversal to the upside.
Even if it is only temporary because the general downtrend of BTC still remains.
Hey birrarossa , I see what you mean however for me there is too much weakness in the pattern - that is why I believe the price will dip again after that nice little bump. However, I think that with this dip we may get a very strong head and shoulders bottom that will be formed. This would be very good for the market, as it would give a clear sign that a strong reversal is likely :)
This would be my dream reversal scenario :) let's see what happens tomorrow!