You don't need an algorithm to identify the classic chart formation known as a head and shoulders pattern or its twin sister, the inverse head and shoulders pattern -- sometimes known as the ...

U.Today - has caught the attention of traders and market analysts as it appears to be forming a reversed Head and Shoulders (H&S) pattern on its price chart.

Analysts at alternative asset management firm Valkyrie Investments are closely monitoring what looks like a bearish head-and-shoulders (H&S) pattern on bitcoin's (BTC) daily chart.