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SantiagoGaona

Bearish signals on forming head and shoulders BTC 30 min

Short
Bitcoin (BITFINEX:BTCUSD)  
SantiagoGaona Updated   
BITFINEX:BTCUSD   Bitcoin
Wave Analysis Chart Patterns Technical Indicators
5
0
waveanalysis chartpattern indicator
The head and shoulders is forming up but there are multiple bearish signals pointing out to a double zig zag correction.

it could be a trap.


Comment:
Wave X in this possible double zig zag type pattern seems to be extending into a triangle. Wave W remains unaltered and wave Y is yet to show its face.
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