DrDovetail

Right shoulder of inverted h&s forming smaller h&s pattern

BITFINEX:BTCUSD   Bitcoin
Not sure which way this will break but its very important to be aware of the current smaller head and shoulder forming inside the right shoulder of the inverted head and shoulder pattern...the drop target for the this smaller h&s pattern is not enough to invalidate the inverted h&s but there is always a chance for it to fall well past the drop target. Definitely something to keep an eye on. The RSI + stochrsi on the daily, 4hr, and hourly should help give us some indication of which way is more likely. As well as any bullish or bearish divergences.
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