CryptoManiac101

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BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC / USD TA

Does this TA make short term Bitcoin movements bearish? YES

Can Bitcoin recover in short term and move into bullish territory? YES, if we close above $8,000 in very short term.

Overall pattern is bearish as we have clear Head N Shoulders pattern here. Overall targets are outlined on the chart above, longer term view is still highly bullish .
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Comment removed.
just lost all of my savings, thank you sir
+1 Reply
I doubt this head and shoulders will play out. the head is so broken up. probably a new pattern will play out.
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