BTCUSD is developing a Bearish Pattern

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD             is at the stage of developing the right shoulder of H&S reversal pattern. Target is expected to be around 510.
At same time, wave C will be met if not lower.
Trade closed: target reached
Yes! my target point is around 485, but I'm usually too conservative, so I'll go w/ ur 504. but after that I have BTCUSD going to over $1000 pretty quickly. I've been itching to trade me some ETH or BTC the last few weeks, but I'm keep my money in dollars until ETH gets near $8 and BTC comes down $500.
Thank you for sharing. This down trend is just a correction wave and once C is there then I will be looking for higher targets to break last high.
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