CWouter

Possible trend reversal due to H&S pattern for BTC/EUR

BITSTAMP:BTCEUR   Bitcoin / Euro
The chart should explain everything. The analysis above is ONLY VALID IF:
  • The neckline is broken by closing a candle (a wick breaking the neckline is not enough)
  • And IF the neckline is broken on high volume. Low volume will indicate a false breakout or a short term downtrend.

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