smalik11

BTC is making Head and Shoulders Pattern

BITFINEX:BTCUSD   Bitcoin / Dolar
On a 1-hour chaer, BTC             is in the process of making a Head and Shoulders Pattern which is going to complete soon. The 25-EMA is acting as a resistance line. Considering this scenario, BTC             can go up to $9,000 mark before heading lower. When the right shoulder is formed, a break below the neckline with high volume will complete the pattern. If the pattern is completed with a breakout below the neckline, the price target of BTC             will be around $7,500.

For education purpose only, not an investment advice.
Komen: Do not get fooled by the recent jump to $9,300. Manipulation is at it's best.
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