BTC/USD Head and Shoulder inside Head and Shoulder.
Updated
Hello everyone,
This is no investing advice I am no trader by any means but I have become interested in the markets lately.
I am wondering if I am correct in saying that a Head and Shoulder pattern is forming on BTC/USD chart. (30min and 1hour).
This looks bearish to me on the short time frame.
Please let me know if you also think that there will be a dip in BTC soon before continuing to new ATHs.
How low do you think will go?
Cheers,
T.R.
This is no investing advice I am no trader by any means but I have become interested in the markets lately.
I am wondering if I am correct in saying that a Head and Shoulder pattern is forming on BTC/USD chart. (30min and 1hour).
This looks bearish to me on the short time frame.
Please let me know if you also think that there will be a dip in BTC soon before continuing to new ATHs.
How low do you think will go?
Cheers,
T.R.
Note
I was right here.H&S pattern ended up in a correction of about $5700.
Price resumed climbing to $41800 after correcting again.
Today it looks like a much bigger corection is around the corner.
Only time will tell.
Cheers,
T.R.
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