BTCUSD BREAKDOWN IN PATTERNS

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

KaisMarket

Overall we seen a head and shoulders reversal pattern which initially broke downwards. To complete this pattern we see a bear flag (continuation pattern) forming to complete prices break down to the main trend and solid support at the 29,100 level. If price holds we can see Bitcoin take another ramp up but that analysis is for when price action happens

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