Bitcoin head & shoulders (the continued path to 3500)

in #bitcoin • 6 years ago

Alright hear me out.

This is a bit outrageous, but I think we may have just put in really sloppy head & shoulders pattern starting July 17 with the breakout from the neckline occurring just now.

2018-08-07 424pm BTC.png

This would roughly jive with earlier analysis calling for a downward leg from 8500 to 5625 to the bottom of the falling wedge and 786 fib retracement level. I'm short. I'm staying short.

Also this article will remain short. I have kickball playoffs to attend.

Cheers guys, stay safu.

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BTC: 34DsCV6m9cHez73nYDzVUk6D82yiqhKrWg

#cryptocurrency #crypto #trading #cryptonews
6 years ago in #bitcoin by
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