Ahead and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
If Bitcoin can manage to break $8,500, we should see a move up to the measured target area from the falling wedge and 0.786 Fibonacci retrace at $12,300.
.we suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
If Bitcoin can manage to break $8,500, we should see a move up to the measured target area from the falling wedge and 0.786 Fibonacci retrace at $12,300.
.we suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
Trade closed: target reached