Bitcoin / TetherUSShort
BTC Formed H&S On The Top
Updated
Hello traders today i'm gonna analysis BTCUSDT.
1)We can see BTC formed bearish pattern on the top.
2)We successfully see when price formed left shoulder and close candle, price declined to the down side and same on the next peaks this is how H&S must forming.
3)If price breakdown the Neckline and close candle behind 51000$ we can go down and hit the target 40000$
4)Hope This Analysis Can Help You Guys So I'm Suggest Open Short Position When BTC Close Candle 51000$, Until We Don't Break Down The Neckinline We are Bullish.
1)We can see BTC formed bearish pattern on the top.
2)We successfully see when price formed left shoulder and close candle, price declined to the down side and same on the next peaks this is how H&S must forming.
3)If price breakdown the Neckline and close candle behind 51000$ we can go down and hit the target 40000$
4)Hope This Analysis Can Help You Guys So I'm Suggest Open Short Position When BTC Close Candle 51000$, Until We Don't Break Down The Neckinline We are Bullish.
Note
We are close 51K ,if we close 1d candle 51K then we can expect next btc move can be 40KNote
Down side target is confirmed the next btc target is 40KNote
We are getting close to my target 40kNote
Target Reached
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