Bitcoin head and shoulders?

Aug 20, 2018

BTCUSDT

Well defined support/resistance at 6852 and 5740. Currently appears to be forming the right shoulder of a HS pattern. Within that formation of the right shoulder if you look at a 15 minute view is a well defined pennant. So many ways to move here. The HS pattern says we should test the bottom of 5740 once completed. The pennant unfolding should give a short term move in which ever direction the breakout is in. The perfect trade here would be a test of the top at 6852 then the completion of the HS pattern to the bottom of 5740 then a drop further.