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CryptoSyndrome

BTC Head and Shoulders

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
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Here we can BTC current market movement is going through a bearish trend after reaching its top price for the current cycle. A resistance is forming at $4,200 .
Commento:
Correction: Here we can see BTC .... .
Commento:
The resistance of $4,200 is broken, we are into 2 scenarios:

- Double Top: Price up to the previous ATH (Bearish afterwards).

or:

- New ATH record (Bullish Market).
Commento:
- Third scenario (I vote for this): Bull trap.

According to the three scenarios, Short investment is recommended.

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