Short

AB=CD pattern

Updated

Next target = 7900 and then up or prepair for another drop

Note

At 2014-11-12 bitcoin goes up with help of an H&S like what happened at 2017-07-17
Look what happened after that down down down ...
Right now we're still following 2014 pattern almost exactly
Look at this head and shoulders and compare it with the H&S we had 10 days ago

snapshot

Note

The fact that it took too long to reach c point make this trade invalid as a bullish pattern

Trade closed: target reached

Reached D point (but the pattern wasn't valid)

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