rubypang

bitcoin analysis

Short
BITFINEX:BTCUSD   Bitcoin
Hi everyone. Are you ready for the Christmas? I am not sure I will publish idea on Christmas, so now I want to say Merry Christmas to every one who read my idea.

look at the HEAD AND SHOULDERS PATTERN, you know what's that mean, right? IF the bitcoin break down the H&S pattern, please shot the bitcoin. But I don't think the price will falling down immediately. The price may need quiet sideways markets. The price likes up and down in a small range around the H&S PATTERN resistance level.
So you have to judge whether this is a weak market or a strong mark during the price up and down. I believe that the price oscillates up and down in a small range for a long time it is gathering strength to break down or break up.

So good luck everyone, see you soon.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.