Bitcoin seems to be forming a major Head and Sholders Pattern. Top of right shoulder seems to be completing at almost the exact height of the left shoulder at the $42,000 range. A break below the bottom of the right shoulder may bring in more selling pressure. As well we have a "Death Cross" (50 period moving average crossing below the 200 period moving average)...
If you are a Fibonacci trader you are looking at BTC coming down into the $11,000ish to $16,000ish range between the 50% and 61.8% retracement levels... If you are a moving average trader we also have the 200 period moving average right in the middle of that zone where BTC has bounced off of twice before... if it does go that far down it will take a long a** time...
Aurora Canabis appears to be completing the formation of the second shoulder of an inverse head and shoulders pattern on the weekly chart. Current price $9.92 Usd ... Target price $45-$50 usd
