BITCOIN - Bearish Scenario (Head & Shoulders)
Updated
Hello my friends!
What we can see on the daily chart is a classic Head & Shoulders pattern.
This is a continuation pattern followed by a strong move. We are also at a very important Support Zone,
which could break if enough sellers enter the market in the next two days.
We will open a position under the following conditions
Position: Short
Open: When Neckline breaks - Candle close below 7800.00
Close: Red Box from 6600.00 to 6800.00
Wait for a confirmation first!
I will update this chart accordingly!
THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support me on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
What we can see on the daily chart is a classic Head & Shoulders pattern.
This is a continuation pattern followed by a strong move. We are also at a very important Support Zone,
which could break if enough sellers enter the market in the next two days.
We will open a position under the following conditions
Position: Short
Open: When Neckline breaks - Candle close below 7800.00
Close: Red Box from 6600.00 to 6800.00
Wait for a confirmation first!
I will update this chart accordingly!
THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support me on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Trade active
Here we go! Entry: 7800.00Comment
Comment
*It's a reversal pattern. Continuation pattern in terms of an overall downtrend
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