Bitcoin : Head & Shoulders In Play
Hello traders, hope you all doing well in this unreliable market. The game is getting harder to predict, play safe and follow your plan.
So as you can see we are forming an H&S pattern in a shorter time frame, it's a bearish pattern. We are currently below the H&S neckline and that's not a good indication for at least short-term price movement. If we see a retest of neckline and price fall exactly from that, in that case, it will be confirmation of pattern in action. However, if we see the closing above the neckline, it will invalid H&S.
hope you like this quick update and do follow for more:)
So as you can see we are forming an H&S pattern in a shorter time frame, it's a bearish pattern. We are currently below the H&S neckline and that's not a good indication for at least short-term price movement. If we see a retest of neckline and price fall exactly from that, in that case, it will be confirmation of pattern in action. However, if we see the closing above the neckline, it will invalid H&S.
hope you like this quick update and do follow for more:)
Related publications
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.