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Raul_Dominguez
Oct 28, 2017 12:01 AM

Possible Head and Shoulders Pattern in Bitcoin Short

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP:BTCUSD

Looking at the 4hr chart on Bitcoin, we could be forming a short-term Head and Shoulders Pattern, that if confirms, with a low below $5,500 dollars, could lead the price to a minimum price target of $4,800 dollars. Also, we have a negative MACD divergence.

Either war, good luck in your decisions.
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