Head & SHoulder (H&S) pattern is occuring on the 4h chart.
Supportline between 30K-31K CAN hold support but in a H&S pattern, chances are likely that BTC will drop below 30K.
How low? we'll have to watch the chart closely.
A 40% drop from the ATH is around the 25K level, in my opinion nothing unusual if we look at the previous bull run.
If you don't want your head wrapped around this and choose for the easy way, you know what to do. Just ....
Enjoy trading and have a great 2021.
Supportline between 30K-31K CAN hold support but in a H&S pattern, chances are likely that BTC will drop below 30K.
How low? we'll have to watch the chart closely.
A 40% drop from the ATH is around the 25K level, in my opinion nothing unusual if we look at the previous bull run.
If you don't want your head wrapped around this and choose for the easy way, you know what to do. Just ....
Enjoy trading and have a great 2021.