BITCOIN forming Head and Shoulders Pattern - Target ($13497.82)

The Daily Chart shows a pretty obvious Head and Shoulders pattern.

BTCUSD Target ==> $13497.82

What do you think ?

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Comentário:

A Bearish Divergence on the weekly and daily charts signals a price decline.

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BTCUSD Possible Double Top on Weekly.

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WAIT FOR CONFIRMATION (Maybe a FALSE Breakout):

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WAIT FOR CONFIRMATION (PullBack is In Progress) ==> Bullish (> 47000$ )

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Head and Shoulders Pattern is still valid: Theoretical Target ($26350.11)

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BTCUSD has rejected from the upward trend line 4 times. Now, BTCUSD is facing bearish power after rejection.

WAIT FOR CONFIRMATION ==> Bullish (> 47000$ )

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WAIT FOR CONFIRMATION (Maybe a FALSE Breakout)

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BTCUSD has rejected from the upward trend line several times. Now, BTCUSD is facing bearish power after rejection.