#### Here is latest update on bitcoin technical analysis,

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### Bitcoin Monthly candle
Candle which open and closed almost on same price with long Tail or Wick is call Dragonfly. That is just formed in Bitcoin Feb Monthly candle, closed as green with good volume.
![bitcoin update.png](https://steemitimages.com/DQmZ8No9fmERw3LYMgEDe8HRh1ZULToY8gYmoqbx2x67Nbk/bitcoin%20update.png)

### Head & Shoulder Pattern Scenario 
Head & Shoulder pattern updated with fibs well this pattern will confirm on 11600-12000$ breakout. Bulls need to get stronger to break that 3 months downtrend.
![bitcoin update1.png](https://steemitimages.com/DQmUac6AQXewk1BDDHkSJaSkX9ejRkfF1RPsApFRqern6u1/bitcoin%20update1.png)

### Bitcoin Linear Chart Resistance
Although bitcoin broke downtrend line in linear chart but still 11800$ is last month resistance, if bulls want to continue same run bitcoin will have to break 11800$ area.
![bitcoin update2.png](https://steemitimages.com/DQmTkjAQiwpDauBHzDku3aUzYGKhrC6npELBvoYCdeUPEeB/bitcoin%20update2.png)
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#### Disclaimer
Trade at your own risk with only that amount you can afford
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