mk_trader

BTCUSD Not moving up significantly for now

BITSTAMP:BTCUSD   Bitcoin
Since I am doing "micro" patterns on basis of few hrs or days, this one seems like H&S pattern, neckline slightly tilted up, which is reversal pattern indicating price drop, though upward movement volume of left shoulder and head is not in accordace with pattern, left shoulder shound have larger up volume and head up movement should have less volume. If proven correct, it can bring price movement down to around 5600.
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