Crab Harmonic and Head and Shoulders
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
A bearish Crab Harmonic and a Head and Shoulders . These are actuallythe most reliable chart patterns playing out. Some swing traders seriously considering a double top from Alt-Time-High but before this we have an imponent H&S that became valid from the fulfillment of your pullback to the neckline and really more reliable. So, I’m targeting a reliable level at 14.6% of the Fibonacci retracement . As we can see on this daily chart I’m adding a confluent projection from the prior bearish CRAB Harmonic . This extension of Fibonacci ratio is in fact 1.278 wich is the square root of 1.618 from a AB=CD pattern.
