$BTCUSD - Head and shoulders again
Hello everyone!
Looks like we got screwed once again hoping that Bitcoin will go higher above the dynamic resistance.
It was mainly caused by the news about Japan's FSA banning two most popular exchanges, Japan has large purchasing power and trading volume, so in panic shorts were opened.
Downtrend might continue after this retest of the resistance, following the head and shoulders pattern down to 32500 and 31150.
Looks like we got screwed once again hoping that Bitcoin will go higher above the dynamic resistance.
It was mainly caused by the news about Japan's FSA banning two most popular exchanges, Japan has large purchasing power and trading volume, so in panic shorts were opened.
Downtrend might continue after this retest of the resistance, following the head and shoulders pattern down to 32500 and 31150.
