Possible head and shoulders pattern on BTC 4 Hour to move into E

BTCUSD
Possible head and shoulders pattern on BTC 4 Hours to move into Wykoff phase distribution E
Be careful on this trade, no discernable bottom is clear until in the thick of it, however, there is a moderate probability of a bounce off 43000.
This is only valid if support the 47000 holds, if not this will be a different kind of Sunday.
Just a possibility for more data on Wykoff see previous posts.
-staff at the soup kitchen

Kommentera:

P.S.
the time frame provided is not to scale but I will say according to a couple of studies, the best time to buy bitcoin is midnight on a Sunday.
just be aware of that

Kommentera:

well no head and shoulders but I got my drop as expected