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BBlokx
Nov 7, 2017 7:37 PM

BTCUSD 4hr- H&S pattern - Possibly trend reversal? Short

Bitcoin / U.S. dollarBitstamp

Description

Spotted a Head and Shoulders pattern on the 4 hr chart BTCUSD. The neckline of the H&S pattern crosses close to the 50 day MA. Can we expect a short term downtrend if the trend crosses these levels? Leave your thoughts below. If you have any comments/questions please let me know.

Cheers.
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