BitcoinShort
Bitcoin H&S return move
30K --> 40K --> 20K
The blue lines are a fib fan from $1,000 in 2017 to the ATH. We are currently at strong support on the lower third.
Return to the 50% level is common, and would form a return move of the long term head and shoulders.
The lower target is the previous ATH of $20,000, which corresponds with the lowest support of the fib fan.
The gray bar pattern is from the right shoulder.
The blue lines are a fib fan from $1,000 in 2017 to the ATH. We are currently at strong support on the lower third.
Return to the 50% level is common, and would form a return move of the long term head and shoulders.
The lower target is the previous ATH of $20,000, which corresponds with the lowest support of the fib fan.
The gray bar pattern is from the right shoulder.
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