BTC Weekly Head & Shoulders with a Shooting Star pattern

16 ביוני 2021

Here you can see that BTC Weekly chart is setting up with a pretty clear H&S pattern. The right shoulder has reached resistance levels with the left shoulder and is forming a shooting star candlestick, which generally signals trend reversal (in this case, bearish). To complete the H&S back to previous levels appears to place it in the 16-20k range.