We should always be open minded for all options. This could be a falling wedge, which would be a bullish sign. We could just explode out of it at some point. But everything can happen, unfortunately you can not predict anything for sure... We hit the target of the big head and shoulders at the level of 7910, so this huge "danger" is over... (see idea below)
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Nice I just got in on time in BTC, BCC, NEO and ETH before the breakout...