BITCOIN 60 minute chart possible head and shoulders

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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After the expected correction down to the left shoulder level, Bitcoin found support and is in the process of completing a possible head and shoulders bottom pattern. A strong breakout above the neck line level should trigger more traders into long positions and push Bitcoin higher. A more complex pattern could also emerge here as the right shoulder consolidates into another type of smaller breakout pattern such as a triangle.
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