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Blackreplica

BTC/USD Short term bearish head and shoulder pattern forming

Short
Bitcoin (BITSTAMP:BTCUSD)  
Blackreplica  
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns
3
0
chartpattern
As the long term bearish trend appears to continue, it seems a short term head and shoulders pattern is forming. The right shoulder seems weak, leading to an especially bearish outlook. Using the measured move estimate, the next bottom would like in the critical 6K region
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