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Crypto_Fro

ETH/USD Head and Shoulders Market Reversal Pattern (Weekly)

Short
Bitcoin (BITFINEX:BTCUSD)  
Crypto_Fro  
BITFINEX:BTCUSD   Bitcoin
Chart Patterns Head and Shoulders Double Top or Bottom
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chartpattern headandshoulders doubletoporbottom
BTC/USD Head and Shoulders Market Reversal Pattern playing out on the Weekly.

Head: $69K Q4 2021
Shoulder: $24.2K
Neckline: $18.9K

I expect a lot of market participants took advantage of the Q2 2022 bearish rally to hedge/short BTC.
Neckline has already been broken and I expect the downtrend to persist through 2023.
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