BTC - Looks uncomfortably like a Bearish Head and Shoulders
This looks a bit too much like a bearish head and shoulders for my liking. Especially given the MA200 rejection on the right shoulder (The Blue line)
The calculated moved down if this plays out is to approx 18465
The calculated moved down if this plays out is to approx 18465
Comment:
To negate this head and shoulders BTC will have to close above the MA200 at 20700