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$BTC Head and Shoulders
Bitcoin
Short
$BTC Head and Shoulders
By ogdave621
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Oct 16, 2023
3
Oct 16, 2023
BTC
setup through end of 2023.
Assuming another fake beyond the 200 week, this is setting up a classic head and shoulders w/ a baseline of $25,177.
I've included several levels of potential support upon a break down.
Each constitute a reasonable range to DCA.
So here is my plan...
I don't want to trade this current setup. I had two shorts that locked for moderate profits (one stopped out below entry.)
I will shoot for some shorts upon a breakdown (w/ tight stops of course in case of a bear trap). But I believe macro favors big downside.
Each level I've noted is a take profit for these trades and a spot to buy more OTC BTC.
Chart Patterns
Head and Shoulders
Trend Analysis
ogdave621
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