BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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H&S on 15ming chart? If it is, then the whole bounce was the bull trap and we will see another leg down.
Comment: break below 9000 on increased volume will confirm the reversal.
Comment: Longs price vs Bitcoin Price

 
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If it were a bull trap implies another leg down to lower than 6k but we have already hit the lower trend line on @PentarhUdi's chart "No resistance until 15K" in August (as well as exactly hitting
his upper trend line with 20k high in December) so...
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@Paul77, there is big resistance at from 9000 to 9500. If we break this, then I can agree with you.
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Lol, even if it is a H&S, a 1.6% below neckline target...? How is that relevant?
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TonyCryptano ricsalrod
@ricsalrod, because this breaks out from InH&S. Many investors will close their position which will cause panic and a massive sell off.
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The btc volume is abnormal since last month... I think that the "artificial volume" do its job well...
+1 Reply
TonyCryptano jeffryang24
@jeffryang24, we don't know.
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15 mins chart? Give me a break!
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@yazeed, I'm just telling you to be extremely cautious and trade safely. There are several fundamental reasons for this patter.
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Hmm.. the volume decreased...
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