ridenz77

30K for BITCOIN? Head and Shoulder & Bearish Divergence shows up

Short
BITSTAMP:BTCUSD   Bitcoin
Now after BTC break the 40K support, we found another bearish signal while doing analysis

ITS A HEAD AND SHOULDER PATTERN in 2days TIME FRAME

its clear that bearish divergence appears in the head of HNS. Now neckline shows that a possible 28-30K scenario it will dump. otherwise if this will be an invalid HNS, the bullish divergence his forming could reverse
the bearish trend and as early as 34-35K BTC will be in bullish trend again.

PLEASE DYOR

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