Head and Shoulder Pattern
After the third touch on the trendline the price formed a head and shoulder pattern and theoretically should retract up to the levels of 0.5 - 0.61 - 0.78 Fibonacci.
To those who believe that it is time for Bitcoin to resume its upward trend this would be a good area to buy.
But we must closely monitor the price movement and limit our losses with the stop properly positioned on the bottom. For the period of decline may continue, as it did in 2013.
To those who believe that it is time for Bitcoin to resume its upward trend this would be a good area to buy.
But we must closely monitor the price movement and limit our losses with the stop properly positioned on the bottom. For the period of decline may continue, as it did in 2013.
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