I knew I saw this pattern before. Happened to BTC after ATH. Must wait for a breakout or rejection from H&S neckline to know which way the market is going.
Weekly MACD crossed to the positive and RSI has room to go up, this is bullish, but with crypto you never know.
Must wait and see.
Note
clear rejection from neckline.
Note
target almost reached should have consolidation at target if fractal is in play.
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.