BTC/USD Head & Shoulders

in #cryptocurrency7 years ago

Textbook Head & Shoulders pattern on the BTC/USD pair. First shoulder was 3850 to 4200 high. Head went from 3850 to 4400 or so with the right shoulder being formed now. Look for a break of 3850 to confirm the H&S with a target of around 3300, which is also the high volume value area and also where a long term trendline is.

Move above 4200 negates the pattern.

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Hi great advice, please return upvote favor!

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