if right shoulder is formed be carefull about neckline the purple line. if price brakes this line through below wait for pullback and short from there. I mean this is what I'll follow. It's not an investment advice.
I'll follow this one forjust fun
(Updated; regarding the relation between MA50 and purple cycle and also middle resistance of the paralel channel)
Let's see how the price react to MA50
this one makes unvalid the previous one
this is my first public idea on tradingview and I'm very excited :)
first of all please aware of that I'm not a TA expert, and just doing some drafts at here for myself.
When it comes to this idea; I'm following right shoulder to complete H&S formation on BTC/USD. If it happens and breakdown at the blue circle are, the target should be around 9K USD....