BTCEUR Head and Shoulder leading to fork retracement

BTCEUR Head and Shoulder leading to fork retracement

Commento:

Fork lines got displaced, sorry about that.
If the head and shoulder forms and the market retraces it could lead to a potential buy opportunity.

Commento:

Now it gets interesting. Observe price action at the L-MLH (Lower-Medianline-Parallel). Only get long if price gets rejected. Be careful, since Bitcoin is way overextended at next weeks CME futures could very well lead into a "big short".

Commento:

*and* next weeks CME futures

Commento:

I am calling it off, since the market is pretty undecided with low volume. Lets see what Monday will bring for bitcoin. All in all I am neutral to bearish at this point in time.