hi Ethiofx here
This is how I see the market on BTCUSDT
bitcoin has been traded bullish since 2023 and now it reaches a major level of structure and it is forming a a head and shoulder pattern after that it is breaking the neck line of the trend line of the head and shoulder pattern. I believe it is time to find a short entry. In my opinion there is two way to get enter:-
The first is right now at the break by dropping down to the smaller time frame like the four hour and hourly
The second entry is at the retest of the trend line
protect yourself and happy trading.
Thank you.
This is how I see the market on BTCUSDT
bitcoin has been traded bullish since 2023 and now it reaches a major level of structure and it is forming a a head and shoulder pattern after that it is breaking the neck line of the trend line of the head and shoulder pattern. I believe it is time to find a short entry. In my opinion there is two way to get enter:-
The first is right now at the break by dropping down to the smaller time frame like the four hour and hourly
The second entry is at the retest of the trend line
protect yourself and happy trading.
Thank you.
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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.