Head and Shoulders could signal dump into the uptrendline

Feb 11, 2018After the bounce with massive bullish volume on BTC last week, we're still looking to consolidate that move and are forming a potential head&shoulders on the 4h. The dump afterwards may bounce off the uptrendline (purple) that's been support since July 2017. We're not bullish overall until we break the downtrend resistance from the second high of 17K (also purple).

Feb 12, 2018

Comment

We just broke over the trendline resistance, and bullish volume was massive in the 15m. See if we can consolidate now.