Bitcoin: Head and shoulders forming on the daily.

Things are looking pretty grim for bitcoin. Possibly due to everyone trading on the derivative exchanges instead of the spot exchanges and there an utter lack of liquidity.

Trade on Bybit

Note

If this head and shoulders completes itself we could expect some serious upwards price movement to follow.

Trade closed: target reached

Head and shoulders completed. Now where to? Post head and shoulders bounce?
We are still within the falling wedge that is forming on the daily upon zooming out. Maybe we will break out to the upside? We will continue to watch and see.

h4t

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