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UnknownUnicorn1068428

Possible head and shoulder pattern to come from BTC/USD

Long
Bitcoin (BITFINEX:BTCUSD)  
UnknownUnicorn1068428 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Head and Shoulders BTCUSD Cryptocurrency USD BTCEUR BTCUSDT usdt poloniex bittrex bitfinex
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trendanalysis chartpattern headandshoulders btcusd cryptocurrency usd btceur btcusdt usdt poloniex bittrex bitfinex
This is one of the possible plays that might occur with BTC/USD at the $2400. A retracement might happen once it reaches the $2400 resistance level. If it doesn't break through it, then we could see a retracement down to the $2200 support level which could develop into a head and shoulders pattern to try and test the $2400 level again.
Comment:
It didn't quite hit the $2400 mark. It got to $2380 and now approaching the $2200 support level.
Comment:
Hit $2400 and couldn't hold above. With the 1st of August coming soon and the panic in the community. We could see a bearish market earlier than expected if we don't hold support at $2200 - $2240
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