On the neckline of a double head and shouldersBitcoin / U.S. dollarBITSTAMP:BTCUSDbalinorOver the past 3 months, the price has completed a broad head and shoulders pattern. Within the right shoulder, a second, smaller head and shoulders has formed — clearly visible on the 4H chart. Both patterns share the same neckline around $106! Watch out for a potential close below this level in the coming days, which could trigger a sharp downward move.