btc is on head & shoulders

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
target maybe 10800
Comment: and it was true
I really don't know.. The h&s pattern came up some years ago mainly in this crypto context. I mean yeah, you applied it correctly to your chart, but still I think the whole pattern is mostly hot air.

I mean look, RSI declined at 50, your stochastic points south. We would need a pretty long candle within the next two hours to get a technical momentum to the upside.

And still this pattern happily suggests an upside reversal as it's nothing.
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