btcusdt (bitcoin) → a reverse or continue one?
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
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Related publications
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.