BITCOIN 60 minute chart possible head and shoulders

BITCOIN 60 minute chart possible head and shoulders

Bitcoin / Dollar BITFINEX:BTCUSD


After the expected correction down to the left shoulder level, Bitcoin             found support and is in the process of completing a possible head and shoulders bottom pattern. A strong breakout above the neck line level should trigger more traders into long positions and push Bitcoin             higher. A more complex pattern could also emerge here as the right shoulder consolidates into another type of smaller breakout pattern such as a triangle.