An in-depth look at a classic pattern and what’s behind it.
There Will Be…Liquidations.
At it’s core, the head and shoulders pattern [H&S] is just a sign of change, it’s neither good or bad, it’s just a display of a classic trading dynamic playing out. In a sense, any sort of ‘pattern’ is just a graphic display of human behavior [or robots designed around exploiting human behavior]. Still, the H&S stands out among many of the rest for several reasons, aside from the recent appearance before the bloodiest month in Bitcoin history…
