BTCUSD fake breakout and completing Head and shoulder ( Fall? )
Updated
Short term analysis:
Bitcoin reach new all time high in previous days and reach 60K so many news and ... pointed this huge gain but the thing here is this that, that was just fake breakout why?
beacuse when price fall back to 58K for retest of previous resistance that broke no support taken and price fall hard to 53K near strong trendline that shown as <<Green trend line>> on chart
for now what we expect is Red path and completing head and shoulder and falling to our short-term targets at least for now :
Targets:
A.52300
B.50000
previous [ Inverse ]head and shoulder :
Notice :so many trades and analysis shown this trendline and forecast bitcoin will rise again and reach new all time high soon
so we put our first target on this heavy strong support with trendline taken here but expected some more falling to .and maybe maybe we may not reach second target .
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Bitcoin reach new all time high in previous days and reach 60K so many news and ... pointed this huge gain but the thing here is this that, that was just fake breakout why?
beacuse when price fall back to 58K for retest of previous resistance that broke no support taken and price fall hard to 53K near strong trendline that shown as <<Green trend line>> on chart
for now what we expect is Red path and completing head and shoulder and falling to our short-term targets at least for now :
Targets:
A.52300
B.50000
previous [ Inverse ]head and shoulder :
Notice :so many trades and analysis shown this trendline and forecast bitcoin will rise again and reach new all time high soon
so we put our first target on this heavy strong support with trendline taken here but expected some more falling to .and maybe maybe we may not reach second target .
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Note
H $ S is completing and don't miss this Educational post too :
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