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Warning! Head & Shoulders in BTC/USD

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Bitcoin / Tether (KUCOIN:BTCUSDT)  
syedmuneebali  
KUCOIN:BTCUSDT   Bitcoin / Tether
Trend Analysis Chart Patterns BTCUSD btcshort
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trendanalysis chartpattern btcusd btcshort
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.

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