CryptoWhaleTrading

Head and shoulders on BTC 4H

Long
BITSTAMP:BTCUSD   Bitcoin
BTC is overextended on the Higher Time frames.
This Head and Shoulders pattern is the closest thing we will get to a correction during this parabolic run.
Neck line broken at 32349
Pattern will complete at 30200.
where a strong bounce is expected , Great opportunity to renter the market.

MACD Starting to Curl towards a new Bullish trend aswell.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.