Bitcoin draw Head & Shoulders pattern and can push price to 52k
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First of all want show you possible Head and Shoulders bitcoin pattern.
Now we have support level (our neck line) ant 59.500 USD and you can see that price bounced from this level and now try to create 2nd shoulder.
If H & S pattern will work we may to see at first correction back to neck line 59.500 USD.
And then if price will break neck line our target is the height of the whole figure, better to say 52.000 USD.
But before this we need wait will break price neck line or not and then entry.
Set up will be invalid if price will break head level (ATH) at 67.000.
Always use SL in your trading and proper risk management, this is very important to become a professional trader.
Have a great profit !
First of all want show you possible Head and Shoulders bitcoin pattern.
Now we have support level (our neck line) ant 59.500 USD and you can see that price bounced from this level and now try to create 2nd shoulder.
If H & S pattern will work we may to see at first correction back to neck line 59.500 USD.
And then if price will break neck line our target is the height of the whole figure, better to say 52.000 USD.
But before this we need wait will break price neck line or not and then entry.
Set up will be invalid if price will break head level (ATH) at 67.000.
Always use SL in your trading and proper risk management, this is very important to become a professional trader.
Have a great profit !
Trade active:
Price broke neck line, Pattern H & S valid.
Our target is around 52.000 USD, lets wait to see what will happening.
Our target is around 52.000 USD, lets wait to see what will happening.
Comment:
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