BTC USD looks like it's going down

2017年6月28日

I'm not a huge fan of head and shoulders, however this has formed nice. It usually represents a trend reversal by having lower lows and highs and then breaking the support/resistance. This is the ABC correction to the 5 wave pattern upwards. It's also in a symettrical triangle. The famous psychological market chart would consider this in complacency. Once it breaks, I'll have my eyes peeled on 1200ish area for another buy. These cryptos have been having massive impulse moves and take forever to retrace back down to .786. Once it does, that is when I'll look for a nice long and aim for a record high.