Bitcoin / TetherUS
Long
Updated

(A. Drop1)Which head and shoulders pattern works? BTCUSDT WEEKLY

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BTCUSDT The upcoming explanation and the resulting pattern sequence can work in any market. You can apply this in your desired market, and it has been backtested.The reverse head and shoulders pattern tends to work at the end of a consolidating channel, while the head and shoulders pattern forms at the end of a rising channel. The target, as observed in my general backtests, typically aligns with the liquidity at either the top or bottom of the channel, as depicted on the chart.
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