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ggonz
Oct 4, 2017 7:31 PM

BTCUSD: Possible H&S Short

Bitcoin / DollarBitfinex

Description

There's a possible H&S on BTCUSD, BFX. Vol is a little choppy but feels like it's been increasing on the declines and decreasing on the inclines to the peaks. Will be interesting to see if it sneaks back over that neckline or comes down.

Comment

For those that are wondering, price target on this would be about 4,000 if the pattern follows through with a neckline rejection.

Comment

There seems to be another H&S which may be forming now.
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