Head and Shoulder formation in BTC

Top @1200 in december. Did NOT hold @1200 on bounce. And now it's trading in the 900-1000 range. There is going to be massive downside from here.

If I could short BTC I would.

 

Sorry, please show me the head & shoulders you are speaking of.

 

It's happening. Stagflation will lead to the BTC crash.

 

Bullshit ! You don't have the balls.

You can go Short easily (even with levered futures), but only thing you can is Trolling.

 

I also see an Ascending Triangle, which looks more convincing.

 

1. Those are MtGox funny money prices, not real dollar. The real price is around $800.

2. There is no H&S formation in the chart, but sideways consolidation with volatility dying down.

Otherwise you are spot on....

 

Well, I called it.

 

That doesn't count if you didn't had the balls to go short and profit from your guess.


It's just an technical reaction on some bad news from Gox and Russia... nothing fundamental: all the nice prospects of Bitcoin (currency and protocol) are still valid for a bright future

 

You can't short it through BTC exchanges, not that I would trust my money to any of these exchanges if I could short it. Good luck with your BTC.

 

As I told you before: you can! But only for the guys with balls....