Head and Shoulders, 14k is inevitable
Unfortunately, many of my trades were taken off because I had linked my youtube channel to the trades.
But I had previously talked about this head and shoulders forming at around 10k, now it seems the shoulder is intact, and this would be a fantastic opportunity to scale in at the last potential chance to grab bitcoin under 10k. This is at about the very low for this right shoulder.
The downside is if we break below 7.8k where I'd reevaluate my position completely. I've began scaling in from 8.7 and 8.5 and my positions are finalized for the prehalving run. I expect bitcoin to be at about 20k on the second week of June and to top out sometime in June or July. 30k is very possible.
But I had previously talked about this head and shoulders forming at around 10k, now it seems the shoulder is intact, and this would be a fantastic opportunity to scale in at the last potential chance to grab bitcoin under 10k. This is at about the very low for this right shoulder.
The downside is if we break below 7.8k where I'd reevaluate my position completely. I've began scaling in from 8.7 and 8.5 and my positions are finalized for the prehalving run. I expect bitcoin to be at about 20k on the second week of June and to top out sometime in June or July. 30k is very possible.
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.