Bitcoin Drop Could Be Incoming (Head and Shoulders Pattern)
Bitcoin is currently forming a Head and Shoulders pattern on the daily chart. If this breaks out, the target would be around the $16,000 area. This was also support on the previous run up which shows similarities to the 20k bitcoin drop where 3.2k was support which was previously resistance on that run up as well. This in conjunction with lower volume means the breakout would be explosive in nature.
Good Luck on your Trades!
-Robbby
Good Luck on your Trades!
-Robbby
Note
Head and Shoulders is acting as expected as we seen a return to breakout pointed out by the arrow on the chart. Target remains the same at the $16,000 area. Next area of support for bitcoin is between $32,000-34,000.
Good Luck on your Trades!
-Robbby
Note
Almost at target good job to all that entered tradeTrade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.