BITCOIN - Head & Shoulders pattern, Break out or Breakdown.

Bitcoin (BITSTAMP:BTCUSD)

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BITSTAMP:BTCUSD Bitcoin

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Potential Head & Shoulders pattern coming into play, it will bounce between the support and resistance before rebaking up or down.

Keep in mind Bitcoin exploded around the time of Bitcoin Cash was released, the same trend could be seen in the week coming ahead (the upcoming Bitcoin Gold hard fork)

Trade the lines accordingly.

Commentaire:

Support seems to be struggling to hold.

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