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Btc Head and Shoulders Trend Reversal
Bitcoin
Long
Btc Head and Shoulders Trend Reversal
By CipherR
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Jan 26, 2021
6
Btc completed the head and shoulders pattern and broke downwards of the wedge formation - both bearish indicators signalling some drawbacks.
However, the market remains in a parabolic bull run. Support line for this indicated in yellow.
A drawback to this trend line would likely see support to fuel further upwards momentum and an opportunity to buy.
BTC
btclong
BTCUSD
Technical Indicators
Trend Analysis
CipherR
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