What Happens in Bitcoin after Head and Shoulders Bitcoin Setup?
A Head and Shoulders chart pattern is a bearish bitcoin trend reversal crypto currency signal which signals the current upward market trend is about to turn and reverse once the Head and Shoulders bitcoin pattern is confirmed.
The Head and Shoulders pattern is a pattern with three consecutive peaks where the second peak is slightly higher than the first and third peak which signals the upward bitcoin trend is losing force & if the bitcoin price of the bitcoin instrument falls below the support level which is the two lows between the three peaks then the Head and Shoulders cryptocurrency pattern is considered confirmed & the bitcoin price of the bitcoin instrument changes to a bearish market trend.
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