Bitcoin continued to rise.
But once the price rises, it falls.
H&S patterns are forming after double top .
If price breaks through the neckline and falls, those who think the uptrend is broken will sell Bitcoin .
TP1 : 28780
TP2 : 28200
I usually sell everything on tp2.
However, if it break through the neckline this time, I think I will have it for a while.
This is because there is a possibility that a large correlation will come because there has not been adjustment after 20k.
entry: 29170
stop loss : 29220 (above right shoulder, if it go above 29200 then it is not H&S )
But once the price rises, it falls.
H&S patterns are forming after double top .
If price breaks through the neckline and falls, those who think the uptrend is broken will sell Bitcoin .
TP1 : 28780
TP2 : 28200
I usually sell everything on tp2.
However, if it break through the neckline this time, I think I will have it for a while.
This is because there is a possibility that a large correlation will come because there has not been adjustment after 20k.
entry: 29170
stop loss : 29220 (above right shoulder, if it go above 29200 then it is not H&S )
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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.