BTCUSD Head & Shoulders printed pattern. Watch for neckline break to confirm.
Has busy support zone as highlighted.
RSI oversold so you can enter on Bearish Retest or add to your positions.
LONG: If the neckline fakes out then consider long opportunities.
Plan A / Plan B - We move with price and prepare in advance.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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Note
-5.84% breakdown since posting.This is a large pattern and waiting on Bearish Retest for further downside to Possible Pullback areas.
If pice action breaks back into neckline (yellow) then it could be a fakeout of the neckline and possibility to go Long!
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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.
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.