@BTC H&S : 6600 -> 5000 -> 5800 -> ULTIMATE DIP
Hey guys
We have a BTC on the road to finish a H&S pattern on daily frame, which is mega bearish
First, we could have the termination of the second Shoulders with a resistance on 6600 then maybe 6800 max ( Strong MA Resistance + Historical resistance of the descending trendline from february )
Once the 6K6 reached, we can go down and break the neckline of 6K. once breached we culd reach the 5K, then small retraced on the 5K8 and rebounce to go far on the downside
This is on daily-candle.So we can wait some weeks before to reach our last target (3K)
We have a BTC on the road to finish a H&S pattern on daily frame, which is mega bearish
First, we could have the termination of the second Shoulders with a resistance on 6600 then maybe 6800 max ( Strong MA Resistance + Historical resistance of the descending trendline from february )
Once the 6K6 reached, we can go down and break the neckline of 6K. once breached we culd reach the 5K, then small retraced on the 5K8 and rebounce to go far on the downside
This is on daily-candle.So we can wait some weeks before to reach our last target (3K)
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.