Bitcoin
Long

BTC: Neck-breaker or Bottom-builder?

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As mentioned in the update section of the last post: this pattern is ONLY considered a head & shoulders pattern IF the neckline is broken. If it ISN'T broken, it could turn into supportive platform (don't know technical term?) to venture north. The trendline hasn't been broken, yet. My question to you is: how many times does the neckline need to be tested in order to be considered stable thus won't be broken?

Maybe this is just another shelf on the way down or maybe it is the bottom of this bear market being built ready to be used as a launching pad for the next long bull run. What do you think and why?

Any comments or questions, please fire away down below. Cheers.

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