TradingView
mjlevy76
Dec 30, 2017 2:10 PM

$BTCUSD Picture-perfect Head and Shoulders 

Bitcoin / United States DollarCoinbase

Description

BTCUSD looks to have completed a H&S reversal pattern. The target indicated is roughly $8000, which coincidentally is where the lower trendline, 77% Fib retracement line, and ichimoku cloud support all converge. Look out below!

Watch for break of neckline to negate the pattern.
More