BTC is forming head and shoulders pattern, watch out!
Hello traders,
BTC is on 1H chart potentially forming heand and shoulders pattern, which is bearish sign. Watch out carefully neckline and if price falls below neckline and also candles closes below neckline, it may be good entry for short, sl above neckline. But at first right shoulders has to be formed.
What do you think? I personally love this formation, because it is strong and often profitable
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
BTC is on 1H chart potentially forming heand and shoulders pattern, which is bearish sign. Watch out carefully neckline and if price falls below neckline and also candles closes below neckline, it may be good entry for short, sl above neckline. But at first right shoulders has to be formed.
What do you think? I personally love this formation, because it is strong and often profitable
This is just idea, not investment advice
TRADE WITH BRAIN, NOT GREED
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