Possible Pattern Forming on the 2hr time frame. Target of this possible H&S pattern is in the region of $35,000.00 and $34,500.00. Estimated time of the H&S pattern to complete it's formation if it is in fact one is 19.06.2021. This date coincides with my Death Cross which is on the Daily time frame. To have a look at the Death Cross chart please follow the link here: #Bitcoin Head & Shoulders Possible Pattern Forming Bitcoin-Death-Cross-Countdown to follow the actual live Death Cross with estimated time of crossing.
For the H&S to become invalidated the price must reach the previous high or above the Head of the H&S. If this plays out then I will be opening a trade in the direction of the pattern which is a bearish pattern on confirmation of the breakout to the down side.
For the H&S to become invalidated the price must reach the previous high or above the Head of the H&S. If this plays out then I will be opening a trade in the direction of the pattern which is a bearish pattern on confirmation of the breakout to the down side.