haris.hronos

BTC/USD potential HEAD and SHOULDERS pattern!!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello fellow traders.
In this analysis i noticed a potential Head and Shoulders pattern in the BTC /USD pair.
As we can see from the chart we have the left shoulder,head,right shoulder and the neckline.
MACD , SMA , EMA indicators show me that BTC /USD is bullish .
If BTC gets bearish again and breaks the neckline of the pattern then we will see further downward movement.

Comments

Don't see volume confirmation....
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@glgonzal, You could check the OBV indicator .
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