Fake Head and Shoulder Pattern

31 Jul 2021

The shown head and shoulder patter is a Fake pattern. Because if the pattern has to play out the price of a bitcoin has to go down to negative 5000 which is not possible. Hence bitcoin will either simple break above to 45000 or it may break the neck line and go down to 20000 as a fake break down (Chances of break down are minuscule).

Thank for taking your time to read and comment.

Hold your positions and avoid trading.