BTC Bitcoin: Head & Shoulders Potential
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTC).
The chart is self-explanatory. The Bitcoin price could be forming a Head and Shoulders Pattern similar to before, but the price drop this time could be very concerning. There is a multi-month Support Trend Line which could possibly hold the price up.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. The Bitcoin price could be forming a Head and Shoulders Pattern similar to before, but the price drop this time could be very concerning. There is a multi-month Support Trend Line which could possibly hold the price up.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Note
It is coming close to the neckline. Eyes open!
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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.
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.