Just couple of hours ago the price has swirled down breaking the neckline of the H&S pattern on the 4H time frame. Personally, I foresee a good short trade with high odds.
Sell limit is on the retest of the neckline
SL is above the neckline
TP1 is around the 42,000 level
TP2 is around the 41,000 structural support
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Right shoulder is practically the size of the head and the head is wayyy over to the left... Not saying it has to be symmetrical either but this is too much of a stretch ... BTC may continue to go down but not because of this.
Barysbyek
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@TStaggers50, personally I think that patterns don't have to be super symmetric or perfect. Anyways the sentiment is very bearish. Thanks for the comment :)
Barysbyek
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@TStaggers50, from the fundamental point of view the first registered death because of omicron in UK maybe the cause tho.