BTC/USD seems to be forming a head and shoulder pattern

BTC/USD seems to be forming a head and shoulder pattern on the 1hr chart. If this Pattern forms and we see it breaking out of the $33,400 neckline we can see a move of approx. 13% to a about $37,400 to $38,100 in the next day or 2.

<<<This is not Financial advice, please do your own research>>>>

Kommentera:

Kommentera:

BTC has broken above the down trend line, Could be a possible fake out .. wait for the retest of the down trendline before going long.

Kommentera:

Volume is very low for a break of the uptrend line. Could this be a possible fake out??