Bitcoin (BTC) Compound Fulcrum And Correlation With Copper

2018-9-28 17:00

Bitcoin (BTC) is printing a pattern which is a very rare sight in the world of technical analysis. This formation seen on the above daily chart for BTC/USD is called a compound fulcrum. It comprises of an inverse head and shoulders and a head and shoulders trading inside a wedge in the order visible above.

This is a very bullish sign which often results in the price breaking straight through the wedge and eventually reaching a new high.

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btc bitcoin compound fulcrum wedge daily head

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