head and shoulders pattern

Is 420 the new floor for Bitcoin?

February 19, 2016 10:33 am Published by Leave your thoughts

Bitcoin sure likes to blaze it or so it would seem. The price is back around the 420 area where it reached in November 2015. Ever since the Mike Hearn news, Bitcoin has been struggling to break the $400 resistance, but it finally managed to do so just in time for Valentine’s day and while most speculators on BitcoinTalk tend to agree that this is the new floor for the crypto, I’m a little worried about the head and shoulders pattern that’s forming on the hourly charts. Head and shoulders on 1H As I’ve stated before I’m a Bitcoin permabull and... View Article