MBM_Crypto

Head & shoulders pattern - Not a bullish outlook! - BTC

שורט
BINANCE:BTCUSDT   Bitcoin / TetherUS
Here's a quick look at the 4 hr. BTC chart. As we can see, the price har recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern which has a high probability of breaking lower!
If the price breaks below the neckline, the price will probably end up in the support zone or even lower if the price doesn't hold the support zone.
If you're in a Long trade, then a break below the neckline should be your exit/sell.
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