Per Investopedia, a head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The BTC weekly chart formed a MASSIVE head and shoulders pattern with a potential low as drastic as 10k.
The range is between 10,000 and 17,600
The BTC weekly chart formed a MASSIVE head and shoulders pattern with a potential low as drastic as 10k.
The range is between 10,000 and 17,600
Note
Adjusted Chart for better viewing.
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Related publications
Disclaimer
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.