KoggelRam

Bitcoin - Possible head and Shoulders?

BITSTAMP:BTCUSD   Bitcoin / Dolar
Could this be a possible head and shoulders forming, which may lead to a further price reduction?

Actual question...
Komen: Or could it be a wedge waiting for breakout?
in H&S volume also is taken into consideration not just the pattern . as we can see in ur chat there is very less volume in hea part (which should have been more compared to right and left shoulders ) i dont think H&s is valid.
+1 Balas
KoggelRam yeshuyesh45
@yeshuyesh45, thanks for the pointer. Would you consider the descending wedge valid?
Balas
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