If low buying pressure still persist, the head and shoulder pattern indication will bring us back down to 47k+ price point. To invalidate this, the price should break the head.
H&S should come from an uptrend movement ... let us see by then
CryptoSpaceMy
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@paulhasrouni, Do not read the chart by solely relying on fundamentals and theories as the market do not play by the books. If you ignore the signal from the chart, you will be punished by the market.
PHCapital
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@CryptoSpaceMy, Well u cant be serious !!! u know that dip wasnt from a H & S ... ! hehe