Zoomed Out chart of BTC, with 2 longtime fibonaccis, these are important support/resistance levels or zones.
Also a big H&S pattern is visible on the chart, its finished and below the neckline at the moment.
Also a big H&S pattern is visible on the chart, its finished and below the neckline at the moment.
Note
First test of the neckline, rejectedNote
Better Chart with examples of broken neckline vs. rejection Note
I am trying to calculate a possible target for the H&S, not sure if I got it right that way...Possible target is on point with the 1400MA, which is the 200MA from the weekly chart.
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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.