BTC has been doing a lot of violent moves recently. It dropped below the cloud on the 4H and bulls are trying hard to push it back above the cloud. A zoom out shows a massive H&S may be forming. If validated the target would be as low as $8000. BTCUSD required continuous watching right now.
I was looking at the 4 hour chart and there is a head shoulders pattern forming their as well. Does two head and shoulder patterns give strong indications of a drop? Also, do you think people are buying in to get additional coins for the SEGWIT2X fork scheduled for the 12/28?