iBijan

Bears sharpening their theeth

Short
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Hello trading view community, should you like this analysis please support with likes and comments. Thanks
Never risk more than you can afford to lose.
Always DYOR
In weekly time frame it seems that BTC is going to form a head anf shoulders and it is working very hard on right shoulder right now.
If all goes well and this H&S successfully finishes, then we may expect that BTC may crash down as much as its head to neckline, hence it may drop up to $20k supporr zone.
It is a little bit early to come to this conclusion, anyhow, as long as the pattern has not been completed this analysis is only an advance hypothesis so enjoy your bull run for the time being.
This is personal idea and I am not a financial adviser.

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.