Probable head & shoulders (ltf) $35,500 s/r flip into resistance
Updated
I've waited the entire day for this moment (rejection from the 100 day moving average after breaking the ltf uptrend trend line)
Wouldn't be surprised to start the week off (monday) with some red candles especially considering alt season is likely here.
Factors:
1: BTC dominance has been decreasing (signs of alt season / btc ranging over next few weeks)
2: We broke down from the up trend trend line on january 16th
3: Rejected 100 day moving average printing lower highs, lower lows soon?
4: Possible head & shoulders being printed AFTER the breakdown which would be bearish imo
$33,888 needs to hold otherwise we're going lower to my target ($32,555-999)
PATIENCE PAYS OFF, STICK TO THE SCRIPT DON'T BE A SHEEP.
PLAN YOUR TRADES AND TRADE YOUR PLAN.
MANAGE YOUR RISK.
TRADE LIKE A PRO TAKE THIS SERIOUSLY.
Wouldn't be surprised to start the week off (monday) with some red candles especially considering alt season is likely here.
Factors:
1: BTC dominance has been decreasing (signs of alt season / btc ranging over next few weeks)
2: We broke down from the up trend trend line on january 16th
3: Rejected 100 day moving average printing lower highs, lower lows soon?
4: Possible head & shoulders being printed AFTER the breakdown which would be bearish imo
$33,888 needs to hold otherwise we're going lower to my target ($32,555-999)
PATIENCE PAYS OFF, STICK TO THE SCRIPT DON'T BE A SHEEP.
PLAN YOUR TRADES AND TRADE YOUR PLAN.
MANAGE YOUR RISK.
TRADE LIKE A PRO TAKE THIS SERIOUSLY.
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once $35,555 fails as support the dump will increase in terms of volatility, watch this area closely it'll happen fast
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and it broke lol
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what a beautiful sight
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retest of right shoulder.
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we literally broke down yet we're still pumping, this market is way too manipulated.
i might start trading other markets.
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