Head & Shoulder trend reversal

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin broke the $7400 neckline of the inverse head and shoulders pattern. This pattern suggests a bullish outcome with a target being the length of the head, which lies at approximately $8150. However, there is a major resistance level at $7800 on a 4 hourly chart, that previously served as a support. It is still early to say if this is a clear trend reversal to the upside.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out