Bitcoin massive drop on H&S Pattern

News Headline for Bitcoin: Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse [by CNBC]


https://www.cnbc.com/2018/01/16/cryptocurrency-sell-off-bitcoin-and-ethereum-performing-better.html


Before the drop, a Head & Shoulder Pattern was formed. on hourly chart 14,000 being the neckline of this pattern, price tested this level a few times and finally gave way yesterday and plunge close to 10,000 .

Bitcoin

Happy Wednesday :)

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