BTC - head and shoulders with two triangles

23 Ara 2017

Looks very nice on the chart ... the shoulders which in fact are triangles in up-trend and down-trend respectively are forming between Fib levels. Now the price is in between, so it should go down again to test the 13k or even more down to the 11k Fib levels

24 Ara 2017

Not

A few hours later, BTC is testing the 0.382 Fib level twice, with an attempted double bottom. Let`s see if it holds, or we go down the the next one:

24 Ara 2017

İşlem kapandı: hedefe ulaştı

I think the markets start to shout BUY !
The 13k level seems to have hold nicely; it ended with a nice a-b-c correction and a double bottom on the RSI; also it seems it is forming a bear trap, so maybe the big short is over and now it is time to climb back up. Good luck all !