This is a panoramic picture
Over the past few days, I have seen a lot of people draw head and shoulders
Looking at the important points, you can see that there is no confirmation from the volume, from the top of the head to the right shoulder, that the volume is constantly decreasing, which is why I deny this model, it will collapse. .
Dow Theory remains true so far
I redraw downdrend to match the current situation, so we have not escaped from the downtrend yet.
I have also added some hidden support lines, and if in the next few weeks btc hits 9k5, the head and shoulders pattern will collapse.
Over the past few days, I have seen a lot of people draw head and shoulders
Looking at the important points, you can see that there is no confirmation from the volume, from the top of the head to the right shoulder, that the volume is constantly decreasing, which is why I deny this model, it will collapse. .
Dow Theory remains true so far
I redraw downdrend to match the current situation, so we have not escaped from the downtrend yet.
I have also added some hidden support lines, and if in the next few weeks btc hits 9k5, the head and shoulders pattern will collapse.
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