Bitcoins 0.93% current down trend is forming a noticeable/possible Inverse H&S (Not Required To Be Horizontal Like Most Think).
- First note the big signal of sell volume followed by movement up to the "Neckline" forming the "Left Shoulder" - Then a vast increase in Sell Volume again, and movement up to the neckline for confirmation, forming the "Head"
- Ideally, movement will follow to the "Neckline" again for rejection, ultimately creating the increase in Sell Volume and forming the "Right Shoulder". - Then followed by an increase in Buy Volume to create a "Breakout" and Test current support, triggering a possible Bull Rally.
- The "Target" is the same distance from the top of the head to the "Neckline".
This is just one of many options.
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