All eyes are on the next movement of Bitcoin, next target is USD17,000 if the inverse H&S pattern is confirmed!

[larryc]

Here is the BTCUSD chart, and PENDING confirmation of inverse head and shoulder pattern.
I expect the altcoins will follow if BTC can break out successfully.

FYI. The target price of USD 17000 is based on head and shoulder pattern. Refer in below for the target price calculation:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal