Neckline is previous target of a Hunt Volatility Funnel. BTCUSD likely exhausted for now. Perhaps part 4 of 5 in Elliot Wave on day chart coming up then windup for 5th and longest run?
Not an exact head and shoulders (first shoulder highest), but ...
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Welp.
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This was not a head and shoulders. However I think it is perhaps part 4 of 5 in Elliot Wave on day chart.