fiscalshrike

BTC H&S Pattern Forming?

Short
BITSTAMP:BTCUSD   Bitcoin
I see a possible head and shoulders pattern forming with a number of trendlines, supports and resistance areas contributing to its likelihood. It looks like BTC might make a break to the upside with an ascending triangle forming on the 1hr timeframe, which would push BTC to form the right shoulder potentially. Keep an eye on the 7100 area - if it gets rejected it might be a good entry for a short.
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