Get started
RPM3231342

Head and Shoulders Forming; Target $3,500

Short
Bitcoin (BITSTAMP:BTCUSD)  
RPM3231342 Updated   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Head and Shoulders
5
11
chartpattern headandshoulders
The next run up could get us close to $60k again, but if the neckline breaks on this pattern and holds under, the low target is close to $3,500.
Comment:
It appears the right shoulder was much shorter than I expected. We should be heading down to the target now that the neckline broke.
Comment:
We're about halfway there. A lot of paper hands will still be shaken out of this market. Dollar is king for the moment.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.