cachedcrypto

Do or die: head and shoulders pattern or breakthrough

Short
BITFINEX:BTCUSD   Bitcoin
BTC is currently showing bullish patterns again.
There are signs of a head and shoulders pattern, which is unconfirmed yet.

It will be interesting to see if BTC manages to break through the first descending resistance line.
If so, the head and shoulders scenario will become less likely on short term, but not competely unlikely, especially in long term.

For now, it looks like BTC will test the resistance at $8900 today.
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