Pivot point for Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Over the green arrow I'm bullish . Down the red i'm bearish .

Over the green, if there is volume following would indicate a break out of the head and shoulders pattern.
Down the red, if there is volume following, would indicate a continuation of the down trend. I found that very unlikely but at the same time very scary!

Any insights to add?

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