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SHS Pattern in Bitcoin - Be Careful, Buyers!

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A dangerous pattern for the bulls has established itself in the BTC: a SHS formation that suggests falling prices. The imputed short target of the pattern is lower than the take profit chosen for this idea. This takes account of the fact that the big picture still shows a stable upward trend in Bitcoin, but that a further correction is to be expected in the medium term.
Ochlokrat
Chart PatternsHarmonic Patterns

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsHarmonic Patterns
Ochlokrat

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.