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Interpret Inverse Head & Shoulders Bitcoin Chart Setup

Bitcoin Trade Reverse Head & Shoulders Bitcoin Pattern

Reverse Head and Shoulders Bitcoin Pattern is a reversal chart pattern that is formed after an extended bitcoin downwards trend move. Reverse head and shoulders chart pattern resembles an upside down head and shoulders bitcoin pattern.

Reverse Head and Shoulders Bitcoin Pattern is considered complete once the bitcoin price penetrates and crosses above neckline - the neckline is drawn by joining the 2 bitcoin price peaks that are between the reverse shoulders.

To open a buy bitcoin trade - traders place their buy stop pending bitcoin trade orders just above neck-line.

Summary: How to Analyze and Analyze Reverse Head & Shoulders Bitcoin Pattern?

  • Reverse Head & Shoulders Chart pattern forms after an extended bitcoin downwards trend move
  • Reverse Head & Shoulders Bitcoin Chart Setup signals that there will be a reversal in the downwards bitcoin trend
  • Reverse Head & Shoulders Bitcoin Chart Setup formation resembles an upside down head and shoulders chart pattern - thus its name - Inverse Head & Shoulders Bitcoin Chart Setup.
  • Bitcoin traders will buy when bitcoin price breaks out above the neck line: as is explained on the reverse head and shoulders chart pattern example illustrated below.

Reverse Head & Shoulders Bitcoin Pattern

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