BitcoinMis à jour

Bitcoin Possible Scenarios

BTC/USD

Bitcoin is still making the formation of a Head and Shoulders reversal pattern. The neckline has rejected the latest attempt to break it, and we need a confirmation breakout to open long positions after the iHS.

Right now, we can see two different scenarios on the 4H timeframe.

· If the trendline is broken, the first short target is set at 3580$.
· If the trendline can hold and act as a support until a breakout on the neckline, the first long target is set at 5675$

Note
Hidden divergences:

snapshot
Note
On the other hand, there's a triangle formation (bearish).

snapshot
Trade fermée: ordre d’arrêt atteint
Short target reached!
Trade fermée: cible de profit atteinte

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