June
Short

Shoulder-Head-Shoulder

BITSTAMP:BTCUSD   Bitcoin / Dollar
498 5 2
Here is a 4 hour chart of BTC             .

A Shoulder-Head-Shoulder pattern has transpired. Also, double tops are seen in MACD .

Well, in my opinion, a market is bearishq in a short-term
You are not alone in seeing a "Head and Shoulder" pattern:








+2 Reply
sraosha PRO ChartArt
Indeed. The upwardly drawn lines don't suggest a bullish movement, do they? Because volume has been continuously falling since the 275 low.
+1 Reply
June sraosha
Thanks for your comment, sraosha.

Also, on a 4 hour chart of Huobi, the garley patttern has occured.
+1 Reply
Maddie ChartArt
These H&S's can't be confirmed.... Normally an H&S happens after a long period that the market is going up not two days .... H&S's are turning points, and that isn't the case right here...
Reply
June Maddie
Thanks for your comment.
+1 Reply
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