wuliwong

Mother of all head-and-shoulders on BTC Weekly

BITSTAMP:BTCUSD   Bitcoin
The head and shoulders as a signal of a bull to bear trend reversal seems odd when the asset has had to lose 50% of the peak price to complete the pattern. Does this signal a long bear trend for BTC? The 'head' peak is significantly higher than the shoulders, is it possible that this in anyway invalidates the structure?

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