biroutih

BTC analysis 13 DEC 2018

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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8
Bitcoin looks bad. it forming shoulders and head at 2H. if BTC break the neckline at 2H will be confirmed as new drop to new low. its hard to say where drop will stop, but if it continue at the same pattern then 2800$ could be the new low. if crushed har breaking the pattern then 2000$ will be more expected.
Comment: so BTC didnt manage yet to break the neckline but this form still valid also the descending triangle i took about here
Comment: the neckline are broken. my target will be around 3100$. only huge volume can break this down trend to up trend.
https://s3.amazonaws.com/tradingview/sna...
Comment: interested weekly trend for Bitcoin
Comment:

Comments

Head and shoulders are reversal patterns, not continuation of trend.
We will probably dump from here, but that doesn't mean it was because of a head and shoulders.
Reply
Last wave down,after up correction folks!
Reply
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