BTC head and shoulders (UPDATE)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
So ive been watching this pattern develop for a few days now. It successfully broke out of the falling wedge (black lines) and went on to form the right shoulder (although it was slightly more extended than i anticipated and went to hit resistance at 12k one more time. Still very bearish on this signal and rather confident it will test lower support levels.
Comment: moment of truth, will it break down finally or will it bounce?
is it a bounce?
@grechkaman, is what a bounce? where? be more specific
grechkaman TristanKhanizadeh
@TristanKhanizadeh, oh, i mean the Head and Shoulders - it looks like it breaks a neck line but go side, bounce from 11100? or it still aimed to go down?
the time 8500 at least
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out