HedgingChaos

BTC Weekly Head & Shoulders with a Shooting Star pattern

BITSTAMP:BTCUSD   Bitcoin
Here you can see that BTC Weekly chart is setting up with a pretty clear H&S pattern. The right shoulder has reached resistance levels with the left shoulder and is forming a shooting star candlestick, which generally signals trend reversal (in this case, bearish). To complete the H&S back to previous levels appears to place it in the 16-20k range.
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