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MuTu94
26 Th12 2017 16:18

Houston we have a Problem...BTC Short after H&S Formation Giá xuống

BITSTAMP:BTCUSD30
Bitcoin / U.S. dollarBitstamp

Mô tả

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Clear H&S Formation for Bitcoin... I'm not happy to say that but it can drop below 10k...probably around 8-9k. Just sell at the right shoulder for tether and wait what's going to happen next.

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Probably 16,5k is my max for the right shoulder.

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Bulltrap or new ATH ahead trough an ascending Triangle..? Let's see..

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As always: This is a hint how BTC could perform.

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In a few moments it will decide: Look at this nice charting of @goldbug1 :

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Next BTC Support at 13,3k, afterwards 12k.. You can put your Stop-Loss at ~13100$ if you want to

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Trade is still open, market still doesn't know whether bull or bear.. let's wait
Chart Patterns
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wsodamer
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Question... Doesn't volume have to form head & shoulder as well as candles to confirm?
LinKx
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@wsodamer, not sure either but at the moment BTC is well following the pattern ... surprisingly
MuTu94
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@LinKx, For this i looked up the RSI, sorry i didnt't put it in this Chart... RSI has a downtrend troughout the H&S Formation
Meniro
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Thanks for the chart
Joker1970
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16000
Crypto-King
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Aagred with you If you look at RSI and MACD all pointing up and over sold now it seems time to short may be before reaching 16.5K level.
Fazzzmin
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H&S formation never works for bitcoin... :-)
MuTu94
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@Fazzzmin, Indeed Bitcoin sometimes ignores signals, but let's see :-P
Fazzzmin
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@MuTu94, Indeed. Hope for the best - Happy Holidays :-)
elshanti
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I guess the bearish one in play now
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