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djwally2

BTC head and shoulders?

Short
Bitcoin (BITSTAMP:BTCUSD)  
djwally2 Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Head and Shoulders Moving Averages
1
6
supportandresistance headandshoulders movingaverage
Is BTC forming a head and shoulders on the monthly? I think we are retracing to the monthly 50 MA which correlates with the weekly 200 MA, but could it be that we move back to the high from 2017 or even the 0.786 fib? This fib lays around the target of this possible head and shoulders.

Does someone have an opinion about this?
Comment:
Target of the 50 MA met xp
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