Bitcoin
Short

Short term bearish opportunity

Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.

Would look to short on the neckline break and retest using a fib extension 1.272 target.

Could easily be a 2:1 RR depending on your stop placement.

MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
bearishpressureHead and ShouldersTechnical IndicatorsshorttermWave Analysis

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