TradingView
Faibik
Sep 24, 2022 8:54 AM

Bitcoin | Head & Shoulders Formation..!! 

Bitcoin / United States DollarCoinbase

Description

â‹…


BTC (Update)


Head & Shoulders Formation in 1D timeframe..!!

So far Bulls have been Defending the Support but In Worst Scenario, If Daily Candle Closed Below the 18.5k Crucial Support then Bitcoin Might REVISIT the 14k Support Area.

Bitcoin Bulls Need to Defend the Crucial Support..🦾
Comments
SwallowPremium
â‹…
Nice potential trade, keep posting!!
skyfu1
â‹…
Head and shoulders is a trend reversal pattern not a continuation pattern. Basic investment 1o1
AdibCrypto
â‹…
@skyfu1, exactly right
LUC_Capital
â‹…
@skyfu1, True in this case it is not very applicable, however there is a downward neckline H&S on BTC in lower TF and upper neckline on ETH as you can see on my page. Momentum is bearish either way.
More