A head and shoulders pattern on the 4 hour time frame of Bitcoin

2022年12月7日

BTCUSDT after breaking its 200 ema and 100 ema in the hourly time frame, and somewhat stabilizing the price, Bitcoin still needs to supply energy and return to lower levels, and for this reason, it has created a head and shoulder pattern in the 4 hour time frame. If we get confirmation that the neckline is not broken, we will sell or short. Profit limit and loss limit are marked with dashed arrows. I hope the whales in the market will not cause any problems in the correct implementation of this pattern.