Short

This could be whats in play, just finishing a H&S Pattern.

Updated

Looks very much like a completion of the right shoulder before we drop and test 3,000. A lot of panic will happen at this point and may signal a flash crash to 2,200 then a solid bounce to 3k. All of this is just my opinion based on solid fundamentals.
Good luck to all!

Note

Also this is a bearish idea however a bullish idea that would agree with the 1 day that this could be a setup for a bullish inverse head and shoulders. I will try to update as things progress.

Note

I put a stop-loss on this trade at $3,650 ($120.00 if your in ETH) that would be a break in the neckline and indicate a further test down. A clear break at 4,000 would turn me bullish again, we will see if bulls test the top one last time, we have had 2 rejections of $4,000 which lead to massive and quick flash selloff. The third rejection bulls will be forced to capitulate back to 3,000 possibly lower.

Cryptographic0322

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.