Is head and shoulder pattern going to realize in the Bitcoin's chart? If it is, at the break of the neckline we have to go short for a first level take profit based on 38% Fibonacci retracement. MACD 3/10 helps us with its evident divergence. However a strong resistance is placed at the level of the neckline where different levels, found with the Fibonacci grid, met.
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The price tested the resistence placed at the level of the neckline and it rebounded