This looks a bit too much like a bearish head and shoulders for my liking. Especially given the MA200 rejection on the right shoulder (The Blue line)
The calculated moved down if this plays out is to approx 18465
The calculated moved down if this plays out is to approx 18465
Note
To negate this head and shoulders BTC will have to close above the MA200 at 20700
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.