Znarfomat

BTC inverse head and shoulders

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Hi friends!
BTC has formed an inverse head and shoulders on the hourly chart. A decisive breakout above the neckline and the 50 EMA could catapult the price to $ 5100 levels for a short term bounce.
However, I remain mid-term bearish , as the trading volume we have seen during the previous days was not sufficient for a end-of-bear-market reversal.
Cheers!
-Znarfomat-
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