Warning! Head & Shoulders in BTC/USD
We're currently observing Head and Shoulders Pattern in hourly timeframe on BTC/USD. Bitcoin has broke down and is up for retest. Target is $47800 for now which aligns with the hourly 100 Exponential Moving Average.
Moreover, we're also observing Bearish Divergence on multiple timeframes.
Muneeb.
Moreover, we're also observing Bearish Divergence on multiple timeframes.
Muneeb.
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