Head & shoulders pattern is being formed

BITTREX:BTCUSDT   Bitcoin / Tether
- the Head & shoulders chart is being formed
- we can see very clear resistance
- the volume is under the average
- the EMA9 is so close to EMA18
=> if it can break down the support rectangle (the red box) => it can hit 10375 or event 9697 easily.
I think it will go down but this year btc has faked out many times. so not to be suprised if it can up
Jul 07
Comment: sorry, almost forgot one case, maybe sideway between 10800-11616 because it tried to break the support twice. so the H & S pattern is confirmed only when it break the support. just see how the market go, then follow it
Jul 08
Trade closed manually: H & shoulders pattern failed, it went up


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+1 Reply
Your material is great value added to the community!
+1 Reply
I see the analysis as you do. Lets see, @duycarpenter31187

duycarpenter31187 Bullandbeartrading
@Bullandbeartrading, on chart 4H it's bullish bro
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