Bitcoin
Short

OBSERVATION : BTCUSD - Head and Shoulders

BTCUSD is showing a head and shoulders which would imply a proceeding bearish reversal.

We are only seeing the final shoulder start to form now. I believe price will meet the $7800-$8000 zone before being hit by resistance.

Of course with head and shoulder patterns, I would hold off entering the trade till you see price get rejected (forming the final shoulder) and enter at the neckline
Bearish PatternsBTCBTCUSDTechnical AnalysisTrend AnalysisUSD

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