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shubhu
Feb 22, 2018 8:37 AM

[BTC/USD] H&S brings us back to 9k Short

Bitcoin / DollarBitfinex

Description

Last weeks pump brought us to the edge of last month's downtrend line. Buying power was already diminishing while approaching the left shoulder. It seems that whales did a good job in pushing the price all the way up to the trend-line despite bearish mood. Yesterday, this action was followed by a large dump which now builds the base of the right shoulder. It seems that people start to realize that the market is obviously manipulated right now. People are uncertain about the situation, bears will take over. 9K might be a first target for the upcoming dump.
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