BTC - I see a very well formed Descending Triangle & H&S !!

I'm not a pro trader yet, but I'm studying BTC behavior for months and officially studying as a Trader wave analysis and much more stuff.

I've been following multiple TA in TradingView and thought i should share my visions too, since everyone has the right to get it wrong :D

So what do i see? There was a bull movement a while ago, where an ascending flag failed into a bull trap and it fell.




Then it started forming something i thought it was a flag, until it didn't go as high as it should (the RED X) and i thought... what happened??

This is when i saw the triangle. And this is almost always confirming a drop, if it does break the resistance... it may go as low as the last pole (This is what my Wave Analysis Academy is teaching)


This is not a financial advice, it's my own risk.

let's see.

Comment:

NOT a head and shoulders, my mistake. It's not valid. It didn't form from an uptrend.

Head and Shoulds is a reversal pattern, thanks for the comment to enlighten my education