Ethereum / BitcoinShort
ETHBTC Head and Shoulder Pattern Confirmed
The alltime daily ETHBTC chart can be dissected as depicted to be a big head and shoulder pattern.
Also there could be some other dissections, like the pattern can be interpreted as a head and shoulder pattern with a double head, in which the big blue head and yellow right shoulder be the double heads, and the green rebounce peaks as the right shoulder. But I think the illustrated pattern as depicted could be much more proper.
The heads and shoulders can be dissected as small head and shoulder patterns.
So, if the chart goes like this, the ETHBTC pair seems to go south in the future months.
Also there could be some other dissections, like the pattern can be interpreted as a head and shoulder pattern with a double head, in which the big blue head and yellow right shoulder be the double heads, and the green rebounce peaks as the right shoulder. But I think the illustrated pattern as depicted could be much more proper.
The heads and shoulders can be dissected as small head and shoulder patterns.
So, if the chart goes like this, the ETHBTC pair seems to go south in the future months.
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