Bitcoin - NOT LOOKING GOOD!
Keep it plain, simple and minimize the noise!
Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021.
If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support.
BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars...
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
Bearish 2022?
What do you think?
Comment your ideas below : )
Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021.
If this inverse head & shoulders plays out, expect huge dumps - have marked rough levels of support.
BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars...
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
Bearish 2022?
What do you think?
Comment your ideas below : )
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.