bitcalib

BTC forming Head and Shoulders

Long
BITSTAMP:BTCUSD   Bitcoin
if H&S forms and plays out, then BTC could drop down to support around 21.5 - 22k and see a bounce heading into New Moon on the 28th which reliably the time frame where local highs are made and price is generally bullish. We just exited the 5 days after the full moon where we reliably see local lows print, so I don't anticipate sustained bearish action, maybe some dips but should turn into a spring and have us hit higher highs than previous two seeks, maybe reaching up to 24k range
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