Head and Shoulder on BTCUSD
Updated
Chart suggests that there might be more down side to Bitcoin.
Will be looking to see it retrace all the way to the 61% fib line (10 k area) by end of year.
Overall still bullish on the Coin and expect 2018 will see more upside with new all time highs.
Will be looking to see it retrace all the way to the 61% fib line (10 k area) by end of year.
Overall still bullish on the Coin and expect 2018 will see more upside with new all time highs.
Note
Bitcoin has retraced to 61% and bounced as expected, although the timing was a little bit off. Will now be looking to see it hold around that 10k area before possible reversal to the upside.
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