alicanuz

BTC/USD Technical Analysis

Short
alicanuz Updated   
BITSTAMP:BTCUSD   Bitcoin
After bitcoin gave an ATH, price has formed a head and shoulders (HS) formation and broke neckline and structure. I believe price will reach 52.000 area which also is the next major support area and should be a good take profit matching with the target of the HS formation.
Trade closed manually

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