Bitcoin drop comming? Potential Head-Shoulder.

I don't short it. It's to risky. But this is my current view on the bitcoin.

I personally sold all my positions on alt-coins and bitcoin, to wait to see what bitcoin gonna do and try to buy back lower. Last few days we seen crazy pumps in almost all the coins. We could see a little retracement that's normal.

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The thing I also wanna say. I sell my positions as a day-trader. If you're a long term investor don't worry. You could hold ur positions.

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There two problems right now for the bitcoin.

The heavy DDOS attacks on bitfinex and other exchanges:
www.computerweekly.c...ed-after-DDoS-attack

And we also have regulations for the bitcoin in South Korea.
www.reuters.com...a-idUSKBN1E703O?il=0

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We dropped below the neckline of the head-shoulder. It's valid now.

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The idea explained.

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We're at re-testing of the neckline as I showed in the picture above.

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Relax guys we just tested the neckline of the big head shoulder.

We have two singals we will go down again another little head- and shoulder and a rising wedge in a falling market as shown below.

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We did get a little breakout. I think it was a big bull-trap. For me personally I only will jump in the crypto when btc is above 17100 or when we had a good retrecement of btc to atleast 15.000 usd.

Unfortunately tomorrow I will only post in the evening because I have a meeting.