DVY420

BTC probably forming a inverted Head & Shoulder pattern

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This seems to me the most logical outcome for Bitcoin .

BTC is kind a oversold and MACD is making a bearish cross on the 4h chart, so I expect a small correction short term. After the correction of BTC it has to break the neckline to complete the pattern. This means that we can see a trend reversal on BTC .

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