ArtofJR

BTC - False Breakout Price Back Below Neckline

COINBASE:BTCUSD   Bitcoin
Typically False Breakouts dont go higher than 5% from the breakout point. Here is a perfect example of price breaking the neckline, rising less than 5% and returning below the breakout point. Price action has formed a head and shoulder pattern with RSI bearish divergence on the neckline.
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