Bitcoin Potential Drop

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

very nice head and shoulders formation on bitcoin .
if bears break 7850 minor support,
most likely the price will reach 7500 and 7200 levels.

+take into accoun rsi divergence
Comment: market is going down
Trade active
Comment: Target 1 reached
Trade closed: stop reached: Good trade
Target 1 was reached
Then we exit
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Nice analysis. This is what im seeing

Appreciate your work, however this thing doesn't really look like H&S. I think the main reason of a dump is the gap around $7150, check it out:
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