BTC-USDT - Head and Shoulder Pattern - Possible Target: u$2400
Hi guys, you see that the Head and Shoulder pattern appeared before the mega dump and yesterday was confirmed a new one, there is a big chance of a mega dump to happen again in the next days.
The target could be as low as u$2400 per BTC , but maybe a reversal will happen at 3k again.
What I recommend is to watch out if BTC breaks the u$7000 level and consolidates before taking a long position.
If BTC breaks u$7014 this T.A will be invalidated.
This is not Financial Advice.
The target could be as low as u$2400 per BTC , but maybe a reversal will happen at 3k again.
What I recommend is to watch out if BTC breaks the u$7000 level and consolidates before taking a long position.
If BTC breaks u$7014 this T.A will be invalidated.
This is not Financial Advice.
Commentaire:
Right now dropped to u$6700 way down the upper neckline, it is confirming the Head and Shoulder pattern, stay away. I recommend taking long position after consolidating above u$7014 .
Commentaire:
Neckline broken, maybe more blood will flow down
Commentaire:
UPDATE:
First target: u$5600 , correcting afterwards to u$6100
Second target: u$4600 - u$5000
After second target I just don't know what will happen, there is many possibilities because of the next Halving and the last sudden reversal from u$3700 level.
But, we could enter in a long Bear market again, at those lower levels (u$4000 - u$5000) or even lower (u$3000 - u$4000).
Let the price unfold and we will see, for now, take the Bear side.
First target: u$5600 , correcting afterwards to u$6100
Second target: u$4600 - u$5000
After second target I just don't know what will happen, there is many possibilities because of the next Halving and the last sudden reversal from u$3700 level.
But, we could enter in a long Bear market again, at those lower levels (u$4000 - u$5000) or even lower (u$3000 - u$4000).
Let the price unfold and we will see, for now, take the Bear side.
Transaction en cours:
UPDATE:
Bitcoin must stabilize with a huge candle past the blue line (u$7019 for the next 4 hours candle) to invalid this bearish T.A and flip bullish.
It didn't yet.
Bitcoin must stabilize with a huge candle past the blue line (u$7019 for the next 4 hours candle) to invalid this bearish T.A and flip bullish.
It didn't yet.
Ordre annulé:
T.A INVALID the bulls won
Commentaire:
EPIC battle