BTC/USD – Peter Brandt – Factor Trading

Factor Update, March 2, 2019

March 2, 2019/by Peter Brandt

This content is for members only

Bitcoin

Bitcoin ($BTC) is bumping up against the neckline of an arguable H&S bottom pattern. This is the point at which prices could accelerate … or fail. A decisive close for Bitcoin above $12,000 is required to complete this pattern – upon which a target of $22,000 would be established. Factor is currently flat but monitoring the chart for a clue on the next $3,000-plus move.

(Note: Charts are from Friday’s close for the weekend report).

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