BTC - Possible Head and shoulders drop to 9400. for BITSTAMP:BTCUSD by mycotoxin

MA13/MA30 Potential cross to the downside and a Possible Head and Shoulders drop to 9400.
....BTC is going to have to move above 12K if its serious about moving up higher.

Comment:

Another good reason for BTC to drop is that most people are Long and the Shorts are very low . The rule is the exchanges are in the business to take the maximum amount of money from the maximum amount of people.

Comment:

Now I could be wrong here and BTC is indeed bullish , in that case I'd like to see proof of bullishness by BTC moving above 12k

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.