Is the Head and Shoulders pattern Trigger for Bitcoin to Fall❗️❓

Bitcoin seems to have broken the ascending and descending channels & 🟢support zone($ 29,200-$ 28,730) 🟢 by the Head and Shoulders pattern.

Of course, the decline in the price of Bitcoin was expected by me based on my previous posts in the daily time frame: (I suggest you view my previous posts).

About the Head and Shoulders pattern, there are several points that add to the validity of this pattern:

1- If the neckline slope is negative.

2- The slope of the right shoulder towards the neckline should be greater than the slope of the left shoulder.

3- The volume of the right shoulder is greater than the volume of the left shoulder.

✅All of the above factor into this Head and Shoulders pattern created in Bitcoin.


Bitcoin seems to have broken the lower lines of the ascending and descending channel and the neckline of the Head and Shoulders pattern (now BTC is pulling back) and it is expected that at least Bitcoin will fall to the Price Reversal Zone (PRZ) and 🔵CME GAP($ 28,720-$ 28,265)🔵 and react to the important support line.

Bitcoin Analyze ( OKX:BTCUSDT ), 4-hoour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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Comment:

Are you agree with me❗️❓

Comment:

Running well.

Comment:

CME Gap was filled.✅

Comment:

Bitcoin is moving directly toward the heavy support zone.