A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Repeating patterns do not happen by coincidence.
The market does repeat itself, either in uptrend or downtrend. I Recognized a repeating pattern beginning.
In BTC/USDT, on one-day frame, the Head and Shoulders chart repeated itself three times between March and November 2021. And I expect it will do the same between November and December 2021 according to the following:
* It takes one month to reach left shoulder from the end of the neck of previous Head-and-Shoulders.
* It takes 10 days to reach the head.
So, I believe that from the end of current head and shoulders Neck on 22 November above 54,624.
The trend will go increase till reaching left shoulder of as high as 75,666USDT on 25 December 2021.
And I then it will go down to approximately 71,418 USDT before rising to reach no less than 78,314 USDT on 9 January 2022.
on 15 January it goes down to over 68,447 USD then it rises to reach right shoulder over 73,858 USDT on 20 Jan 2022.
The expected end of head and shoulder cycle is 67,160 USDT where it begins a new uptrend to reach 87,757 USDT on 25 Feb 2022.
Repeating patterns do not happen by coincidence.
The market does repeat itself, either in uptrend or downtrend. I Recognized a repeating pattern beginning.
In BTC/USDT, on one-day frame, the Head and Shoulders chart repeated itself three times between March and November 2021. And I expect it will do the same between November and December 2021 according to the following:
* It takes one month to reach left shoulder from the end of the neck of previous Head-and-Shoulders.
* It takes 10 days to reach the head.
So, I believe that from the end of current head and shoulders Neck on 22 November above 54,624.
The trend will go increase till reaching left shoulder of as high as 75,666USDT on 25 December 2021.
And I then it will go down to approximately 71,418 USDT before rising to reach no less than 78,314 USDT on 9 January 2022.
on 15 January it goes down to over 68,447 USD then it rises to reach right shoulder over 73,858 USDT on 20 Jan 2022.
The expected end of head and shoulder cycle is 67,160 USDT where it begins a new uptrend to reach 87,757 USDT on 25 Feb 2022.