J-Streak

Bitcoin setting up for a dip and rip?

Largo
BITFINEX:BTCUSD   Bitcoin
Bitcoin was finally able to break out of the downtrend that it has been in since its high back in December... The question now, is can it reach its previous high? Or will this end up being a dead cat bounce? I think that it will drop beneath the 10k mark, possibly back to the low-mid 8's before it starts to gain traction and try to make another run... IF the inverse head and shoulders holds true, THEN if it fails to reach its previous high - that would be the signal to hit the eject button
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