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karusmeister

H&S on BTC forming.

Short
Bitcoin (BITSTAMP:BTCUSD)  
karusmeister Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
4
5
trendanalysis chartpattern
BTC is forming nice H&S on 4H chart.
Length of the head to neck line project from the neck down coincidences with 200 daily moving average on major support line. Could be very nice short set-up.
Comment:
Looks like right shoulder has been fully formed now. The earlier entry was a bit speculative but the pattern is confirmed now . Going down to 42k at least
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