Days ago I draw a chart just to monitore a possible Head and Shoulders for Bitcoin (see related ideas: July 30, 2019). The recent price action has worried me. We have almost all elements of a Head and Shoulders for BTC.
Look at the chart: we have a clear neckline, and a lower volume on the (possible) right shoulder. The only problem with the chart I draw is that the right shoulder is a bit higher than the left shoulder.
Look at the chart: we have a clear neckline, and a lower volume on the (possible) right shoulder. The only problem with the chart I draw is that the right shoulder is a bit higher than the left shoulder.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.