BTCUSD is showing a head and shoulders which would imply a proceeding bearish reversal.
We are only seeing the final shoulder start to form now. I believe price will meet the $7800-$8000 zone before being hit by resistance.
Of course with head and shoulder patterns, I would hold off entering the trade till you see price get rejected (forming the final shoulder) and enter at the neckline
We are only seeing the final shoulder start to form now. I believe price will meet the $7800-$8000 zone before being hit by resistance.
Of course with head and shoulder patterns, I would hold off entering the trade till you see price get rejected (forming the final shoulder) and enter at the neckline