zackxl
Short

BTC H&S confirmed, downward continuation next?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I've been calling for a head and shoulders since Nov. 2 when the left shoulder was forming, I was a little off on where the head would end but overall a successful/profitable call. Normally these patterns indicate further downside so I would think we would at least make one more drop to the 5900 area.
Trade closed: target reached: Didnt expect it to happen in a couple hours later but a pleasant suprise. Hard to tell where exactly its going next, but the recent hourly candle suggest more downside. Will be watching closley today and tomorrow.
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