Zoomed Out chart of BTC, with 2 longtime fibonaccis, these are important support/resistance levels or zones.
Also a big H&S pattern is visible on the chart, its finished and below the neckline at the moment.
Also a big H&S pattern is visible on the chart, its finished and below the neckline at the moment.
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First test of the neckline, rejected
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Better Chart with examples of broken neckline vs. rejection
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I am trying to calculate a possible target for the H&S, not sure if I got it right that way...
Possible target is on point with the 1400MA, which is the 200MA from the weekly chart.
Possible target is on point with the 1400MA, which is the 200MA from the weekly chart.
