Hello and thanks for your analysis! This pattern is no longer valid now because Bitcoin has broken back above the neckline via a bullish falling wedge. That is often a failing head shoulder formation.
However, a new one can be formed again with another neckline in the making but we have not gotten that far yet. This would mark the end of the bull market, which normally does not end until the end of 2021.
utilizedtrading
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@Ether2020, facts dude once I saw price break the neckline I knew the setup was no longer valid
ich1baN
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It's a potential to watch out for - but will be invalidated with a higher high
However, a new one can be formed again with another neckline in the making but we have not gotten that far yet. This would mark the end of the bull market, which normally does not end until the end of 2021.