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RPM3231342

Head and Shoulders Forming; Target $3,500

Short
Bitcoin (BITSTAMP:BTCUSD)  
RPM3231342 Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Head and Shoulders
5
11
chartpattern headandshoulders
The next run up could get us close to $60k again, but if the neckline breaks on this pattern and holds under, the low target is close to $3,500.
Commento:
It appears the right shoulder was much shorter than I expected. We should be heading down to the target now that the neckline broke.
Commento:
We're about halfway there. A lot of paper hands will still be shaken out of this market. Dollar is king for the moment.
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