Bitcoin Long Stratagy (head+shoulders breakout possibility)
I am not a big fan of head+shoulders because they often breakdown. But I thought I would put out this update to show that there is one forming.
I would still say this chart is looking more bearish than bullish. That large red resistance line will be a big breaking point to see if the head+shoulders has legs to move this chart into bullish territory.
I would still say this chart is looking more bearish than bullish. That large red resistance line will be a big breaking point to see if the head+shoulders has legs to move this chart into bullish territory.
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