Bitcoin head & shoulders reversal pattern

16 ก.พ. 2022

Bitcoin price reached the upper line of the monthly VWAP and is forming a bearish head & shoulders reversal pattern after the bull run from the bounce on yearly highest volume node at 41800$.
The volume is decreasing.
We have a bearish divergence on momentum.
We have a bearish divergence on CVD (Cumulative Volume Delta, not shown on graph).

tradinglite.com/x/2202MjrG3a

The target is 42800$ which is the local Fib 0.238 retracement.

17 ก.พ. 2022

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Bitcoin price reached the yellow box area at 42900$ and has made the -2% from H&S neckline.