Here's what needs to happen if a Head & Shoulder pattern plays out for BTC on the daily.
-It's forming a head now and it needs to stay below $53K and not break below $41K
-Once it tests $41K it needs to test $53K and move back down below $41K (right shoulder)
-Low volume will cause BTC to drop to all time lows of $13K to $20K (when neckline fails)
-It's forming a head now and it needs to stay below $53K and not break below $41K
-Once it tests $41K it needs to test $53K and move back down below $41K (right shoulder)
-Low volume will cause BTC to drop to all time lows of $13K to $20K (when neckline fails)