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UnknownUnicorn59736
Oct 11, 2017 5:55 AM

Yet Another Basecamp Setup As We Climb Mount Bitcoin. Long

Bitcoin / U.S. dollarBitstamp

Description

Nothing new, nothing we haven't seen before during this almost 3 year long bull run. Just another solid basecamp H&S confirming after a 40% pullback before barreling onward & upward. This month long price structure is perhaps the single biggest reason I'm not expecting price to pause here for a week to form that classic C&H pattern, but rather just move aggressively into new ATH territory after 1 or 2 days of narrow range consolidation, typical of a classic H&S reversal, despite it's 'basecamp' location.
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