MarathonToMoon

BTC: Short term analysis

MarathonToMoon Updated   
BITSTAMP:BTCUSD   Bitcoin
Looks like BTC broke down from the channel.
Looks like head and shoulder bearish pattern.

It is goes back up and stays above the line, it has good chances of strong recovery.
Looks like confirmation is needed here, may be backup to 57k to 59k and then come back down to 52k.

FOMC today will swing stocks very aggresively.

Happy trading
Comment:
Holding that support is crucial
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.