On the daily chart, BTC reached Fib golden ratio- 0.618% level. Besides, this price is squeezing in ascending triangle. The ascending triangle pattern is neutral it means the price may break the pattern down or up. The resistance is very strong although the sentiment is bullish. So, let's what which direction BTC will choose.
The following conditions are preferable for an ideal Head and Shoulders pattern, although an ideal pattern doesn't mean have a 100% win rate:
1. The head zone should be in the oversold zone on the RSI indicator
2. Left and Right "shoulders" can be higher the top of the "head" part of the pattern
3. LL of the head should be closed not lower left shoulder's LL
4....
