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IlyaElbert
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Potential Head and Shoulders Bottom Reversal
BTCUSD
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BTCUSD: Potential Head and Shoulders Bottom Reversal

ON THE BTC:USD 1 hour chart, we have a potential Head and Shoulders Bottom Reversal. Bitcoin needs to complete the right shoulder, and not dip below $7900 in order to avoid negating the pattern. A downward sloping neckline signifies a weak breakout, if there is one. Volume will be necessary to avoid a rejection at the neckline. sources: stockcharts.com

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