BTCUSD H&S Pattern
Possible H&S Pattern, watch for breakout of the 50% fib.
Note
Heavy overhead resistance at the 50% fib and 200ma, the 20ma crossed under the 100, signaling bears. However keep in mind that this could also be seen as a double bottom, which would be bullish, so watch for a breakout above the 200ma. Personally I see it establishing support around the trend line following the breakdown from the h&s
Note
meant to say the 50 ma (yellow) crossed under the 100 (green)Trade active
It has now consolidated and is breaking down as predicted,place close attention as we approach the right shoulderNote
Crucial moment here, watchout below!
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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.