[2016-03-16] Bitcoin Price Technical Analysis – Right Shoulder Forming?

[sirohige]

Bitcoin Price Key Highlights

    Bitcoin price has been stuck in a tight range lately, waiting for more directional clues from this week’s catalysts.
    Price is slowly grinding higher but is having difficulty breaking past the $415 area.
    If resistance continues to hold, bitcoin price could complete a head and shoulders reversal pattern, indicating the start of a selloff.

Bitcoin price appears ready to complete a reversal pattern on the 1-hour time frame, signaling a possible downtrend.

http://www.newsbtc.com/2016/03/16/bitcoin-price-technical-analysis-03162016-right-shoulder-forming/

[arseaboy]

Bitcoin Price Key Highlights

    Bitcoin price has been stuck in a tight range lately, waiting for more directional clues from this week’s catalysts.
    Price is slowly grinding higher but is having difficulty breaking past the $415 area.
    If resistance continues to hold, bitcoin price could complete a head and shoulders reversal pattern, indicating the start of a selloff.

Bitcoin price appears ready to complete a reversal pattern on the 1-hour time frame, signaling a possible downtrend.

http://www.newsbtc.com/2016/03/16/bitcoin-price-technical-analysis-03162016-right-shoulder-forming/

this one looks great a big help to analyze the movement of bitcoin, I can use it for trading and buy and sell thank you mate for creating this one. will be more helpful to everyone.