Head & Shoulders pattern on Bitcoin? 9k USD expected?steemCreated with Sketch.

in #bitcoin7 years ago (edited)

What is a 'Head And Shoulders Pattern'

In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Head & Shoulders Pattern

What do you think? The standard Head & Shoulders has been confirmed, will we face another dump?

Remember that btc usually has a fall in January, does he walk sideways and then falls? Or will you gain strength and break the 17k?
26047516_1783953984972205_2507336728792890827_n.jpg


Please give upvote and resteem if you found it useful.

Sort:  

Andre, would you have a few examples of coins that have already been through this head and shoulders pattern?

That looks pretty convincing to me.

Stop it you are scaring me! :.O

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.033
BTC 97309.89
ETH 3288.22
USDT 1.00
SBD 2.99