BTCUSD possible head and shoulder pattern [REPOST]

BTCUSD possible head and shoulder pattern [REPOST]

Bitcoin / U.S. dollar BITSTAMP:BTCUSD


Price for BTCUSD is currently in a consolidation/accumulation phase. Formed triple top, possible further downside coming from BTCUSD before a SWING position for its 4th top forming neckline for a major head and shoulder break up. Long term I will be bullish towards BTCUSD . But how now short-term, we will look into shorting this pair.

*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred 😀 *