Head and Shoulders: The Pattern That Catches Most Traders Off Guard

If you've been staring at BTC/ETH charts, you've probably noticed this formation popping up before major dumps. Here's what's actually happening:

The head and shoulders pattern is basically three peaks—left shoulder, head (tallest), right shoulder. When it forms at the top of a rally, it's screaming reversal.

How to spot it:
- Three consecutive highs, middle one is highest
- The "neckline" (support level connecting the lows) is your trigger
- When price breaks below the neckline = game over for bulls

Why traders care:
The distance from the head to the neckline = your price target for the downside. So if that gap is $10, you're looking at roughly $10 below the neckline as support.

Practical move:
- Wait for the neckline break to confirm (not every pattern works)
- Short entry after breakdown, stop-loss above the neckline
- Stack multiple timeframes to filter fake outs
- Don't yolo this—patience beats greed

Real talk: It's not foolproof. Markets have liquidity shenanigans. Always use this with other indicators and risk management. The best trade is the one where you don't blow up your account.

BTC/ETH worth watching for this pattern right now?