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Avicenna_omar
Feb 22, 2018 4:06 PM

BTC/USD: Head & shoulders pattern confirmed? Long

Bitcoin / DollarBitfinex

Description

If the pattern confirms to be a H&S pattern, the right shoulder will be followed by Elliot Impulse waves. If the right shoulder is completed, I expect 17k$ to be the next target for bitcoin.
If the pattern doesn't turn out to be a H&S pattern, it's likely a lower low will occur (~3k$). I will make a new TA if it turns out to generate a new low.
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