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MatterCrypto

BTC Head and Shoulders

Short
Bitcoin (BITFINEX:BTCUSD)  
MatterCrypto Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis
3
1
trendanalysis chartpattern waveanalysis
The volume is correct for this BTC head and shoulders. Volume is a key component in calling something a H&S - the left shoulder should have higher volume than the head. I am short from 7100, will reduce my position in the purple box, then re-add back to it on the bounce to test the left shoulder around 6800-7k

Happy Trading!
Comment:
another bearish indicator is the daily cloud resistance, and 100ema
Comment:
Order cancelled:
Volume just broke the H&S meme profile. Time to go back to the drawing board!
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