Bitcoin Head and shoulders pattern, Are we going down!
The bitcoin seems to be forming a head and shoulders pattern in the 4h chart, while we are in an ascending triangle.
If we break down the support of the triangle, which is also breaking the neckline of the HnS pattern, we would obviously go down to the 22k-20 levels.
the volume btw, is still low, if we get a drop with larger volume than normal, then is is a clear drop in the price with the some number of the Alt coins price rising, this indicates that a large number of sellers are buying Alt coins.
If we break down the support of the triangle, which is also breaking the neckline of the HnS pattern, we would obviously go down to the 22k-20 levels.
the volume btw, is still low, if we get a drop with larger volume than normal, then is is a clear drop in the price with the some number of the Alt coins price rising, this indicates that a large number of sellers are buying Alt coins.
Penafian
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