Bearish H & S has formed on BTC again. On the left you can see when it happened a couple of weeks ago and then fully played out. From peak to neckline was $4000 and then we saw a $4000 drop right after. From peak to neckline on this one is $3000 which would put us around the $7k-$7500 price range. This would match up perfectly with the 231 MA on the daily chart and with CME not ending for 3 more days I think we could expect to see this play out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.