Simple trading -
Bearish
Pattern 1: Slanted Head and shoulders
Bullish
Pattern 2: Ascending Triangle
Always a risk when taking trades and this is one of the biggest. Will BTC continue its rapid uptrend or will it make another major pullback to the downside?
Bears:
H&S pattern is not completely invalid yet. If BTC continues to create a higher high or move sideways, we can invalidate this pattern. As of now, BTC has made a perfect break and retest for more bearish movement. Perfect entry spot!
Bulls: BTC has not failed yet! with high lowers and rejection from 70k, a new triangle pattern has formed. BTC could easily be creating new support and rise to a new ATH.
Personally, I am currently BEARISH on BTC, with a wacky Weekly structure, BTC looks to be forming the biggest Cup and Handle pattern in history:
Bearish
Pattern 1: Slanted Head and shoulders
Bullish
Pattern 2: Ascending Triangle
Always a risk when taking trades and this is one of the biggest. Will BTC continue its rapid uptrend or will it make another major pullback to the downside?
Bears:
H&S pattern is not completely invalid yet. If BTC continues to create a higher high or move sideways, we can invalidate this pattern. As of now, BTC has made a perfect break and retest for more bearish movement. Perfect entry spot!
Bulls: BTC has not failed yet! with high lowers and rejection from 70k, a new triangle pattern has formed. BTC could easily be creating new support and rise to a new ATH.
Personally, I am currently BEARISH on BTC, with a wacky Weekly structure, BTC looks to be forming the biggest Cup and Handle pattern in history:
