BITCOIN MIGHT BE FORMING A HEAD & SHOULDERS PATTERN

We have failed to make a new HH and have gotten rejected on the 8.3k range TWICE, thus creating a double top. A head & shoulders formation seems to be forming on the 4HR timeframe. My Target is listed on the chart for a re entry if this formation does play out. Trade safe and have amazing Tuesday!

Order cancelled:

Formation seems invalid, long it

Comment:

Hmmm, this is a tricky one, wait for a breakout, we have yet reclaimed 8.3k, massive move coming soon again, prepare your shorts, if you're long you want 7800 to hold

If 7800 fails to hold we will start a downtrend, maybe, lets wait and see, will keep updating tomorrow!

Comment:

Support neckline has broken tested and rejected, we could possibly see mid 6k soon, maybe...