BITCOIN REVERSE HEAD AND SHOULDERS FORMING

By aledelga
BTC is forming the right shoulder in a reverse H&S pattern. If the shoulder is formed and the breakout continues we can expect to see a similar formation form up to the $15500 area next month. Once the .618 Fib resistance is breached it will become a battleground. If the bulls can push through the .786 retracement we can expect to press previous highs soon.
analysisBitcoin (Cryptocurrency)Chart PatternsHead and Shoulders

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