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haris.hronos
Feb 11, 2018 1:58 PM

BTC/USD potential HEAD and SHOULDERS pattern!! 

Bitcoin / DollarBitfinex

Description

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

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