ShanghaiBTC

Head and shoulder formation with no break

OKCOIN:BTCUSD   Bitcoin
Head and shoulder formation that didn't break. Low volume and low volatility makes profitable moves difficult to find. Wait for a break in the right shoulder high to test 240 if going long. To go short, wait for a break in neckline. However short movement likely will not be far as there is support and uptrend lines to keep uptrend going. Better to try to catch the short reversal and go long.
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