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Rant & Rave Blog

Strong Sell Signal Just Triggered On Bitcoin... Look For This Move

Posted by Gareth Soloway Monday, November 20, 2017, 03:41PM ET

Read 346 times

Bitcoin hit a new all-time high $8,285 today. However, it is choppy and has formed a very bearishing intra-day pattern known as a head and shoulders. This dictates that when the neck-line breaks (as seen in the chart below), a fall will follow down to $8,075. This is a classic chart setup that works on anything from stocks to commodities and currencies. If the neck line breaks, the target should be reached within hours.

 

  Bitcoin stock chart head and shoulder sell for investors

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