As we can see in the chart there is possible outline of completed head and shoulders pattern. But it is unusual one called complex, a rare pattern which has the same purpose - trend reversing. For such sort of thing it has to have the same right shoulder as left (with two peaks). Right now BTC is in the rising wedge and it is a high probability of creation an another peak (what we need). I know that everybody here already saw this h'n's, but i didn't notice any idea with explanation about complex pattern. If we meet all requirements and cross the neckline it probably will be the end of crypto winter. If you find this analysis useful your like would be a great motivation for me, or write a comment if you didn't caught something
Комментарий
⋅
And of course we should see a huge volume increasing crossing the neckline. If so, be sure about new bull season
Thanks for posting this. I learned something from it.
I've been wondering about the extra bump out there on the left side of the H&S pattern. Just assumed it was noise for lack of a better explanation. Now you've provided a better explanation.
And now we know a little more what to expect when it starts back down.
I've been wondering about the extra bump out there on the left side of the H&S pattern. Just assumed it was noise for lack of a better explanation. Now you've provided a better explanation.
And now we know a little more what to expect when it starts back down.