noble1ones

Potential BEARISH Bitcoin Head & Shoulders Top Neckline Breach!

KRAKEN:BTCUSD   Bitcoin

I thought I would add this other potential bearish scenario for entertainment purposes. Perhaps the hypothetical previous Head & Shoulders top has materialized with an upward slant to the right. Perhaps this recent large range downward move breached the slanted BEARISH pattern's neckline. Perhaps this is the current pattern since the current candle arrived in the predicted Inverted Exotic Dragon's Head price target range/zone.

Perhaps now that the potential pattern's neckline has been breached a potential pullback to the neckline will ensue.

On another note I'm waiting a little before I update my weekly posted call for entertainment purposes that mentioned a 13 week advance with a bearish harami that materialized suggesting a correction would ensue. Currently the weekly candlestick is confirming that prognostic.

Once again all these perhaps and maybe's are for your entertainment only.
All the best
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