BTC Head and Shoulders Pattern, further drop likely
Hello guys, once again keeping things as simple as possible.
Spotted potential H&S pattern on 3D chart, also visible on daily based on a current trendline as a neckline. Interestingly, we can notice it too on the RSI. It is not ideal but H&S can be pivoted like that.
EDITED: For more confused users, the head and shoulders pattern can signal a continuation and not a reversal, although it appears much less in that role.
Happy trading!
Spotted potential H&S pattern on 3D chart, also visible on daily based on a current trendline as a neckline. Interestingly, we can notice it too on the RSI. It is not ideal but H&S can be pivoted like that.
EDITED: For more confused users, the head and shoulders pattern can signal a continuation and not a reversal, although it appears much less in that role.
Happy trading!