BTC possible " Head and Shoulders " pattern? 😬
Updated
Hello Traders. Hope everything is going well for you.
Well I was looking at BTC chart in Daily timeframe and I saw this. Possible head and shoulders?
For forming a head and shoulders pattern, price has to break the neck line down. So no confirmed H&S pattern yet but we have to see what happens.
If it breaks the neck line down, the target for the price would be around 43K.
Also negative divergence between left shoulder and head reinforces the idea. So please don`t forget to have stop loss for your orders.
Thank you for reading my idea on BTC.
Please comment what you think is going to happen down below. 🤞🙏
Well I was looking at BTC chart in Daily timeframe and I saw this. Possible head and shoulders?
For forming a head and shoulders pattern, price has to break the neck line down. So no confirmed H&S pattern yet but we have to see what happens.
If it breaks the neck line down, the target for the price would be around 43K.
Also negative divergence between left shoulder and head reinforces the idea. So please don`t forget to have stop loss for your orders.
Thank you for reading my idea on BTC.
Please comment what you think is going to happen down below. 🤞🙏
Note
Well, seems like H&S pattern is declined. 🙏Trade closed manually
43K reached.
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