KnowNothingNewb
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0Joined Nov 17, 2020
bearish
btc
btcusd
chartpattern
crypto
cryptocurrency
head_and_shoulder
weeklybtc
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I noticed on the weekly chart for BTCUSD what looks like the left shoulder and head of a head and shoulder pattern with only the right shoulder left to form. If we place a Fibonacci retracement from July 20, 2020 to the the ATH a retracement to the 0.618 level brings us down to the 32k area which is our neckline and where we recently started a bounce. I believe...
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