This is the big head and shoulders that I was talking about in my last idea.
Long term bullish trend is broken, The bullish channel is lost, Triangle is broken from the bottom. If price rise from here, seems to me it will be only a pull back to the broken trend line and then it will go down again.
$30k is the neckline of this big bears pattern, after it breaks then you can see the targets on chart which is $24k and $19k.
Long term bullish trend is broken, The bullish channel is lost, Triangle is broken from the bottom. If price rise from here, seems to me it will be only a pull back to the broken trend line and then it will go down again.
$30k is the neckline of this big bears pattern, after it breaks then you can see the targets on chart which is $24k and $19k.
Commentaire:
June 29 Update: The longer price stays between $30k - $40k the strength of the downtrend decreases. A bullish double bottom formed when price reached $30k support and target will be $40k
