Technical analysis by wuliwong about Symbol BTC: Sell recommendation (10/11/2023)

Potential Head and Shoulders forming on BTC weekly We still have 4 days to end the week but after the first few days down, BTC is looking to form a head and shoulders pattern on the weekly chart. This is a reversal pattern from bullish to bearish. I believe you ideally would like the shoulders to be closer in height but I think this will still be a valid head and shoulders pattern as long as the weekly candle does not exceed around $28,588.