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Technical characteristics of the head and shoulders bottom

1. It appears during a rapid downward trend, with a significant earlier decline.

2. Usually occurs at the end of a downtrend, where the price tests the bottom three times, with the left and right sides at similar positions (left shoulder and right shoulder), and the middle position deeper (head)!

3. The first rebound (left shoulder) and the second rebound (head) are at similar positions, the line connecting the two points is the neck line. If the third rebound (right shoulder) breaks above the previous two highs (neck line), then the head and shoulders top is established, and there must be a significant breakout space! $ETH

4. In terms of volume, there is not much change during the formation process; overall, it is in a shrinking state, but when the right shoulder breaks out, there must be clear signs of expansion! $BTC

Practical logic:

After breaking the neck line, there will usually be violent fluctuations, which is an important feature of the main force washing the盘, remember the following patterns so you won't be scared away by the main force halfway, and can dance with the庄, increasing positions during pullbacks! #币圈

1. The head and shoulders bottom has a reversal effect, and its entry standard is a volume breakout above the neck line, forming the head and shoulders bottom pattern, establishing an upward trend, buy boldly! #币圈暴富

2. A volume breakout above the moving average and a retest that does not break are ideal buy points! #比特币

3. A head and shoulders bottom with an upward sloping neck line has a stronger reversal effect. When the price breaks above the neck line, buy boldly. If it retraces without breaking after the breakout, it’s an opportunity to continue increasing positions and buying! #特朗普暂停新关税

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