BitcoinShort
ETH/USD Head and Shoulders Market Reversal Pattern (Weekly)
BTC/USD Head and Shoulders Market Reversal Pattern playing out on the Weekly.
Head: 69K Q4 2021
Shoulder: 24.2K
Neckline: 18.9K
I expect a lot of market participants took advantage of the Q2 2022 bearish rally to hedge/short BTC.
Neckline has already been broken and I expect the downtrend to persist through 2023.
Head: 69K Q4 2021
Shoulder: 24.2K
Neckline: 18.9K
I expect a lot of market participants took advantage of the Q2 2022 bearish rally to hedge/short BTC.
Neckline has already been broken and I expect the downtrend to persist through 2023.
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