Looking at the BTCUSD Daily chart we can see that there is a head-and-shoulders pattern developing which could be a sign off an impending sell off. Head and shoulder pattern with a crossed neckline is usually a strong indication of a trend reversal that can last weeks or months. Currently the price is still above … Read more
After a phenomenal and very surprising run, the price of Bitcoin in relation to the US dollar is showing signs of retreating into a inevitable correction.
On a daily chart of BTCUSD as shown by price data from Bitstamp, we can clearly see a long-tail Pin bar indicating a trend reversal.