EduardoBotelho

Big head & shoulders on BTC

Short
BITSTAMP:BTCUSD   Bitcoin
Hello, i read a post that we may see a big head & shoulders in Bitcoin. I design this formation in the chart and is true. The projection go to a price target a 13.000 USD area. Is a radical reading of the chart, yes of course, but is possible. The only hope that the Bitcoin don't go to that target is the long trend line above that parttern, in 42.000 USD. If will see a break in this line, bitcoin go down very dip. But in alternative, we have good news if the big head & shoulders parttern will clean for a recuperation start on that trend line.

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