Bitcoin Reverse Head and Shoulder
Short Tern : Short
Long Term : Long
According to this kind of candlestick from last month , it will follow with bearish month (you can see from red hammer icon) and last month bitcoin couldn't stand over fib 0.382 which is't a good signal for bullish market.
Currently , you can see RHS pattern in bitcoin appends with above-mentioned reason.i think BTC maybe going down.
For Buy zone , the best point in my opinion is the bottom of right shoulder which is around fib 0.236
Long Term : Long
According to this kind of candlestick from last month , it will follow with bearish month (you can see from red hammer icon) and last month bitcoin couldn't stand over fib 0.382 which is't a good signal for bullish market.
Currently , you can see RHS pattern in bitcoin appends with above-mentioned reason.i think BTC maybe going down.
For Buy zone , the best point in my opinion is the bottom of right shoulder which is around fib 0.236
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