BITCOIN... WERE ARE YOU GOING ?
Updated
The Market was all red this afternoon but bitcoin held up his position by staying green today - I am still believing in the head and shoulder scenario I have shown before.
Here on the chart we can see:
- a small support that keeps bitcoin up
- lower day highs for the past week.
I think that bitcoin is for now not ready to get out of this zone, but if the support stays, we will (hopefully) see bitcoin shoot up to complete his second shoulder and then undergo a huge correction.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Have a nice Day : ) Bye!
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Here on the chart we can see:
- a small support that keeps bitcoin up
- lower day highs for the past week.
I think that bitcoin is for now not ready to get out of this zone, but if the support stays, we will (hopefully) see bitcoin shoot up to complete his second shoulder and then undergo a huge correction.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
If you enjoyed this post and agree with me, a like and a sub would be very nice : )
Stay updated for more content
Have a nice Day : ) Bye!
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note
well, my second scenario didn't go as planned, as I said in my previous post, bitcoin already formed its head and shoulder pattern December 2021 and crashed...Have a nice day, and good luck : )
Stay updated for more content !!
Related publications
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.