Another interpretation of BTC price movement. The location of the head & shoulders is an indication of price continuation to the downside, until willing buyers decide to step back in & drive prices higher.
Note
zoom into a 1-5min chart to really dissect the head & shoulders.
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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.