tmurder

BTC Head and Shoulders on Daily Short

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC looks like its forming a head and shoulders pattern in confluence with converging bollinger bands , expect volatility as the converge closer. We must be short below the daily open at 6408.94 with a tight stop.
Comment: the closer the Bollinger Bands converge the closer we are to a volatility event..
Comment: new daily printed, bids below the open short with a tight stop
Comment: target 1 can be middle BB , stop moved to entry