I was just wondering if we have just completed the left should and head formation? If we complete the right shoulder we should see a trend reversal. Are we about to go and test the 0.5 Fib line at $7400?
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Looks like it has just completed the HEAD, should consolidate here and start forming the Right Shoulder
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As we said yesterday it seemed like it was going to form a head and shoulders pattern, we need to just keep a close eye on BTC now if it comes back down to complete the right shoulder we could see that trend reversal.
BTC could surprise us at this point and try and go for another run before completing the right shoulder.
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BTC completed the full head and shoulders so now we should see it come down and test the 50% Fib line which sits at $7594