BTC USD daily H&S in formation

It seems that BTC is forming a H&S on the daily time frame; it'll be confirmed if it continues to go down and bounces around 6370.
Wait and see...

Giao dịch đang hoạt động:

This is only the beginning...

Bình luận:

Ultimate target @ 5870

Bình luận:

Now it should bounce to form the shoulder's shape

If not, it'll continue to go higher to break the pattern

ETH did hit its historical support :-D

Bình luận:

Neckline support reached

Giao dịch đang hoạt động:

Next stop around 6800

Bình luận:

It didn't exceed 6600, and the shoulder won't be so large; it lack of momentum and the exhaustion should bring the dump sooner

Giao dịch được đóng thủ công:

H&S not valid but incoming events (Mt Gox, Petro....) has still potential to trap bulls very soon, be careful!