btcusdt (bitcoin) → a reverse or continue one?
Updated
btcusdt (bitcoin) → a reverse or continue one?
hello guys...
as you can see, btcusdt made a head and shoulders pattern on the breaking area!
on the other hand, we can see a knife-out pattern here so we can expect a downward movement instead of breaking out the neckline of the pattern!
but still, we should be cautious and follow the price!
I recommend a sell-stop order after breaking down the right shoulder and a buy-stop after the neckline area!
if the right head breaks down targets are: 42158 and 41718
and if the neckline breaks up the target is 43275
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
hello guys...
as you can see, btcusdt made a head and shoulders pattern on the breaking area!
on the other hand, we can see a knife-out pattern here so we can expect a downward movement instead of breaking out the neckline of the pattern!
but still, we should be cautious and follow the price!
I recommend a sell-stop order after breaking down the right shoulder and a buy-stop after the neckline area!
if the right head breaks down targets are: 42158 and 41718
and if the neckline breaks up the target is 43275
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Trade closed: target reached
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telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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