Short

Bitcoin potential head and shoulders setup!

Updated

We're seeing a nice head and shoulders reversal setup with the major level of support at 15975 (Fibonacci retracement, horizontal overlap support). Upon the break of this level it would suggest a head and shoulders reversal pattern is completed. The next major level of support would be 14605 (Fibonacci retracement, horizontal overlap support).

Note

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Tickmill

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

Also on:

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.