Bitcoin had better move higher, or look out below!!!

BITSTAMP:BTCUSD   Bitcoin / Dollar
825 0
Bitcoin , along with many other cryptocurrencies, has printed a huge ominous head and shoulders pattern on it's chart. It has also formed another smaller head and shoulders pattern, as it moves closer and closer to the apex of the triangle that it is in. These patterns are very bearish for Bitcoin . Momentum in BTC has fallen, and the volume is dropping, signaling exhaustion in the market. Should bitcoin breakdown from the bottom side of the triangle, prices could qickly fall back to the $11,000 handle, and potentially lower.

Remember, when you need accurate analysis, turn to your trusty ol' friend, the MagicPoopCannon. =D

***This information is not a recommendation to buy or sell. It is for educational purposes only.***

Happy New Year Everyone!!

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