Head & Shoulder Pattern for BTC
Here's what needs to happen if a Head & Shoulder pattern plays out for BTC on the daily.
-It's forming a head now and it needs to stay below 53K and not break below
41K
-Once it tests41K it needs to test 53K and move back down below 41K (right shoulder)
-Low volume will cause BTC to drop to all time lows of
13K to 20K (when neckline fails)
-It's forming a head now and it needs to stay below 53K and not break below
41K-Once it tests
41K it needs to test 53K and move back down below 41K (right shoulder)-Low volume will cause BTC to drop to all time lows of
13K to 20K (when neckline fails)
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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.
Disclaimer
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.