radimpoloch
Long

Head and shoulders reversal pattern forming

BITSTAMP:BTCUSD   Bitcoin / Dollar
464 3 2
Right shoulder of inverted h&s pattern is forming now. This could mean reversal breakthrough around 450, aiming for 530, possibly attacking overall bearish trend .
There is literally not a very good head and shoulder formation. The head itself hasn't even formed. It is deformed and should be thrown out. The head should have showed many candles that followed the shape of a head with a nice deep fall down and retracement up.
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not very clear. remaining short.
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fingers crossed. i hope it plays out like this.
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