Neckline is previous target of a Hunt Volatility Funnel. BTCUSD likely exhausted for now. Perhaps part 4 of 5 in Elliot Wave on day chart coming up then windup for 5th and longest run?
Not an exact head and shoulders (first shoulder highest), but ...
Not an exact head and shoulders (first shoulder highest), but ...
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Welp.
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This was not a head and shoulders. However I think it is perhaps part 4 of 5 in Elliot Wave on day chart.