GoodyErick

BTC head and shoulders pattern forming - 4 hour chart

BITSTAMP:BTCUSD   Bitcoin
We could be seen a major BTC -8.04%retracement if the technical break is confirmed once the sell confirmation line is broken. The retracement could be as far as just below the $7500 USD mark.

A downward sloping confirmation line is a strong sign of a trend reversal or at least a substantial correction.

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