BTCUSD Head and Shoulders reversal

Bitcoin has formed a Head and Shoulders pattern following the break-out below the Channel Up and the MA50 4H.

Trading Plan:
1. Sell as long as the price is under the 23500 neckline.
2. Buy above the 23500 neckline.
3. Further Sell under 22300.

Targets:
1. 22500 (top of Support 1).
2. 25400 (representing a +13.10% rise, a norm during this rally).
3. 20500 (top of Support 2).

Tips:
Textbook Bearish Divergence on the RSI.


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