UnknownUnicorn1517510

UnknownUnicorn1517510

Possible head and shoulders pattern forming. If confirmed would likely take bitcoin to ~$15,000 level. Furthermore this could setup for an Adam and Eve double top. Obviously the H&S needs to confirm and finish first.

UnknownUnicorn1517510

Possibility of a Head and Shoulders forming here. Tenkan and Kijun crossed on the 30 minute are are "C-Clamping" on the 1 hour time scale, indicating Bitcoin might be heading south. MACD also is also showing divergence at lower timescales. A break down past 16300 would likely take bitcoin back to the 23% fib level or ~$15100.

UnknownUnicorn1517510

Bitcoin has been on a tear the last week and a pullback after or just before futures trading starts is very possible. As the bottom of the descending triangle is the 23% fib line I would expect a move to the 38% level. The 38% level is a very common retracement level in BTC bull runs and is also the 4 hour Kijun. A strong move out of the bear trend line would...