BITCOIN ANOTHER HEAD AND SHOULDERS?
The question is whether we are going to see a right shoulder on BTC or we just drop down from here. For a low risk long, i would enter 3330 and keep the SL at 3315.
When the right shoulder is completed we will see a drop to 3k next. Right shoulder completion is at the top resistance at 3580.
If it breaks the trendline by a closing hourly candle we will see it dropping to 3k.
When the right shoulder is completed we will see a drop to 3k next. Right shoulder completion is at the top resistance at 3580.
If it breaks the trendline by a closing hourly candle we will see it dropping to 3k.
Note
BTC broke trendline. But bounched right off the 2.272 extension. We should see a reversal now. Note
We just completed the retracement. ABC is completed. We should now see more downside. Next target 3200.
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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.