ama8999

Bitcoin Failed Inverse Head and Shoulder Pattern On The Daily

Short
ama8999 Updated   
BITSTAMP:BTCUSD   Bitcoin
After getting rejected by the inverse H&S neckline, BTC started dropping in a move below the right shoulder low, confirming the pattern failure.

Simultaneously it lost a few more key levels. There are high odds in favor of a continued descent into the low $30k level.
Trade closed manually

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