BITCOIN MIGHT BE FORMING A HEAD & SHOULDERS PATTERN
Updated
We have failed to make a new HH and have gotten rejected on the 8.3k range TWICE, thus creating a double top. A head & shoulders formation seems to be forming on the 4HR timeframe. My Target is listed on the chart for a re entry if this formation does play out. Trade safe and have amazing Tuesday!
Order cancelled
Formation seems invalid, long itNote
Hmmm, this is a tricky one, wait for a breakout, we have yet reclaimed 8.3k, massive move coming soon again, prepare your shorts, if you're long you want 7800 to holdIf 7800 fails to hold we will start a downtrend, maybe, lets wait and see, will keep updating tomorrow!
Note
Support neckline has broken tested and rejected, we could possibly see mid 6k soon, maybe...
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