Hello traders,
So if you have noticed, Bitcoin has almost finished forming the famous Head&Shoulders pattern. This pattern is very accurate when it appears after a strong bullish trend. Let see how Bitcoin will react in the coming few hours and if the neckline will break. In the "Links to Related Ideas" I have posted a link for the same pattern that appeared on the EURUSD. Once it was active, it went for a free fall. Will this also happen to Bitcoin?, Thoughts? - Abdulla
So if you have noticed, Bitcoin has almost finished forming the famous Head&Shoulders pattern. This pattern is very accurate when it appears after a strong bullish trend. Let see how Bitcoin will react in the coming few hours and if the neckline will break. In the "Links to Related Ideas" I have posted a link for the same pattern that appeared on the EURUSD. Once it was active, it went for a free fall. Will this also happen to Bitcoin?, Thoughts? - Abdulla
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H&S pattern never broke.
