BTCUSD
is showing a potential head & shoulders reversal pattern here. bearish confirmation & target are labeled on the chart, as well as bullish confirmation (IMO the bearish projection here is more likely statistically). bullish confirmation would likely bring it to at least $20k. I might add a bigger write-up later if I have time, currently busy with my family. but I will quickly say that this situation and chart is eerily similar to the crash we had pre-Segwit1x fork.
trade at your own risk.
Comment:
more and more it's looking like the bearish scenario is being confirmed
Comment:
about to retest the neckline in the short-term
Comment:
strong rejection of the upside of the channel here
still looking bearish to me; target remains unchanged
still looking bearish to me; target remains unchanged
Comment:
at this point it looks to me like there will be bullish confirmation soon
Order cancelled:
pattern invalidated. next stop $25k?
Trade active:
it looks like my first chart (this chart) will actually be the correct path now.
