Bitcoin price had a surge after an extreme fall. The buying pressure is exhausted and we now see a completion of H&S price pattern in process.
Entry at $6,200 with a stop around $6,600 would be safe enough. Target at around $5,300 where there is enough buying power to absorb the supply.
Risk to Reward 1 : 2.8
Entry at $6,200 with a stop around $6,600 would be safe enough. Target at around $5,300 where there is enough buying power to absorb the supply.
Risk to Reward 1 : 2.8
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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.