Simple trading - Heads and shoulder
BTCUSD is dropping below the 1hr heads and shoulder pattern.
2 things will play out here,
1. BTC will continue to drop to target @60k or retest the previous resistance @62k then drop to the 60k level.
2. BTC will reject the head and shoulders pattern and regain bullish strength back up to 64k
**If BTC fails to remain above 60k price may fall to to 57k (daily support)
BTCUSD is dropping below the 1hr heads and shoulder pattern.
2 things will play out here,
1. BTC will continue to drop to target @60k or retest the previous resistance @62k then drop to the 60k level.
2. BTC will reject the head and shoulders pattern and regain bullish strength back up to 64k
**If BTC fails to remain above 60k price may fall to to 57k (daily support)