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chestertrader
Dec 27, 2017 5:27 AM

[UPDATE] BTCUSD Possible H&S formation 4h Short

Bitcoin / U.S. dollarBitstamp

Description

Hello, i notice this possible H&S formation in the 4 hour time frame in the BTC/USD, the right shoulder is almost complete, maybe we will see a bloodbath in BTC, in January.

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Comments
yungcrypto
The Segwit2x hard fork is coming tomorrow, if we look beyond than TA I believe BTC will stay bullish.
Fazzzmin
See you at 21K Jan 2nd 2018!
chestertrader
@Fazzzmin, Almost there ;)
kenichan
During Xmas time Bitcoin up to 30+% while all ALtcoin at the cheap level from Coin distribution statistic. it should a big meal for Bitcoin back to 11K. all new comer will surffer.
chestertrader
@kenichan, Hey i tottaly agree with you mate, we need a serious correction in BITCOIN, for a more stable bull continuation for sure, fundamentally bitcoin is not serving his inical purpose of p2p cheap and fast transactions. we might see a shift soon in the cryptos market.

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