BitcoinUpdated BTCUSD - Bitcoin Analysis (4h)
Looking at Bitcoin through the 4 hour timeframe and I see a potential head and shoulders pattern forming. I would expect price to go down and possibly break the neckline before setting any trades for a shorting opportunity.
Note
Misidentified the right shoulder but it still formed. Price has now broken the neckline as expected.
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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.