BTC correction continues
PA suggesting the correction to the downside is to continue.
Price failed to break and sustain above $16,000
Instead validating what measures out to be a Bearish Gartley pattern (8H chart)
and the right shoulder on the larger H&S pattern.
Next confirmation is the neckline and a break should follow with another move to the downside possibly as low as $5,800-6,000
Price failed to break and sustain above $16,000
Instead validating what measures out to be a Bearish Gartley pattern (8H chart)
and the right shoulder on the larger H&S pattern.
Next confirmation is the neckline and a break should follow with another move to the downside possibly as low as $5,800-6,000
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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.