Three reasons to take a short position
1- head and shoulders pattern in Daily time frame: BTC has completed a head and shoulders pattern in the daily timeframe
2- Double High pattern in weakly time frame: as you can see below, we can see a double high pattern in the weekly timeframe
3- Pinbars in Highs: we can see strong rejections as pin bars in the highs
1- head and shoulders pattern in Daily time frame: BTC has completed a head and shoulders pattern in the daily timeframe
2- Double High pattern in weakly time frame: as you can see below, we can see a double high pattern in the weekly timeframe
3- Pinbars in Highs: we can see strong rejections as pin bars in the highs