Hello fellow traders.
In this analysis i noticed a potential Head and Shoulders pattern in the BTC/USD pair.
As we can see from the chart we have the left shoulder,head,right shoulder and the neckline.
MACD, SMA ,EMA indicators show me that BTC/USD is bullish.
If BTC gets bearish again and breaks the neckline of the pattern then we will see further downward movement.
In this analysis i noticed a potential Head and Shoulders pattern in the BTC/USD pair.
As we can see from the chart we have the left shoulder,head,right shoulder and the neckline.
MACD, SMA ,EMA indicators show me that BTC/USD is bullish.
If BTC gets bearish again and breaks the neckline of the pattern then we will see further downward movement.