BTCUSD H&S will bring the price down

At the 1 day timeframe there is incomplete Head and Shoulders pattern. Indicators are bullish in the short term which means that the formation will be finished. Larger timeframe indicators suggest that overall the market faces with bearish mood.

When the H&S pattern will be completed the price of BTC will break the upper bound of the template and will move lower. The price is below Ichimoku clouds, support seems to be weak. The market may continue to follow a downtrend.

The next support and possible rebound will be at $5 550. It is a great time to swing trade with alts and earn a lot of profit. Also there is BitMEX short opportunities with BTC

Комментарий:

First 10 people that will post a comment to this trading idea will have 80% Discount for all subscription types:

Hurry up the offer is limmited. Leave a comment and message to @SkyRockSupport to have a Discount promocode

Premium:
goo.gl/JBJGwX

Offer is valid only for new users. Discounts do not stack

Комментарий:

The price is on its way to finish the pattern

Do not forget to PM @SkyRockSupport to earn 80% discount for premium, this hot offer is going to end soon

Комментарий:

BTC was $6 548 it is testing the resistance. It should be broken soon and this will bring the price to the next resistance of $6 900 where the formation will be finished in case of subsequent consolidation movement

Комментарий:

Up from the resistance level the price started to decrese, however it is a normal situation, usually the shoulder is built on a ladder pattern. The price heads to the support where a bounce is expected