What if the head and shoulders fail? ☠️
Updated
Hi everyone,
Wish y'all have a profitable life.
📍 As you can see there is a huge head and shoulders pattern in BLX (The oldest chart of bitcoin available).
📍 Along with the BLX chart we have a regression channel; the middle of the this channel is moving with the price and the more price stays in between the 30-32k price and does not fall the more the middle comes with the price.
📍 First TP is 26k and I am not sure personally if it is going to touch the middle or not, but I can see my confirmation in head and shoulders pattern.
⚠️ If this head and shoulders pattern is activated we have a really bad news for bull and the price may also fall and even see the 12k level, but if the price fails the head and shoulders pattern it can be a really good news for bull especially in mid-term.
📌 As yesterday Elon Musk just talked about Bitcoin and other crypto-currencies it could really be a mid-term positive sign for Bitcoin.
What you guys think about the mid-term ranges in Bitcoin and other crypto-currencies, please let me know.
THIS IS NOT A FINANCIAL ADVICE
ASK ME WHENEVER YOU HAVE GOT ANY QUESTIONS AND/OR PROBLEMS
Wish y'all have a profitable life.
📍 As you can see there is a huge head and shoulders pattern in BLX (The oldest chart of bitcoin available).
📍 Along with the BLX chart we have a regression channel; the middle of the this channel is moving with the price and the more price stays in between the 30-32k price and does not fall the more the middle comes with the price.
📍 First TP is 26k and I am not sure personally if it is going to touch the middle or not, but I can see my confirmation in head and shoulders pattern.
⚠️ If this head and shoulders pattern is activated we have a really bad news for bull and the price may also fall and even see the 12k level, but if the price fails the head and shoulders pattern it can be a really good news for bull especially in mid-term.
📌 As yesterday Elon Musk just talked about Bitcoin and other crypto-currencies it could really be a mid-term positive sign for Bitcoin.
What you guys think about the mid-term ranges in Bitcoin and other crypto-currencies, please let me know.
THIS IS NOT A FINANCIAL ADVICE
ASK ME WHENEVER YOU HAVE GOT ANY QUESTIONS AND/OR PROBLEMS
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The H & S Failed. Which happens a lot in BTC
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