Short

Btc to 38000, Inverted Head and Shoulders pattern

Updated

The Inverted Head and Shoulders pattern is a reversal pattern that typically signals a change in trend from a bullish (uptrend) to a bearish (downtrend). In this pattern, the right shoulder is larger than the head, which can be due to changes in supply and demand dynamics, such as a sudden increase in selling pressure( Mt. Gox distribution and sales by the German government.)

Note

Yesterday, Bitcoin () surged to $69,300, but this does not invalidate the idea. The idea becomes invalid only if the daily candle closes above $71,000. At that point, we can consider buying again in the $71,000-$74,000 range. we miss like 5% increase .

In my opinion , 5% increase is not worth the risk of buying at $68,000 and then experiencing a drop to $38,000.

What I think
38000 - 90%
above 71000 -10%

Note

Btc 69700
In few hours it shall go below 68200 . This support my idea

Note

That was so fast.
8 hrs candle closed at 68100 ,
Good

Note

#Btc 66290
Maybe , there will be small pump ( bull trap ) to 68000 ( maybe )

Target : 38000

Note

This is disaster
( Coinbase appears to have violated campaign finance laws with a $25 million donation to the Fairshake cryptocurrency super PAC, made while they were in active negotiations for a federal government contract.)

Note

64100
Again , Maybe , there will be small pump ( bull trap ) to 68000 ( maybe )

Target : 38000

Note

61600
Target: 38000

Note

60700
if you shorted . Make sure your liq is above 71000
I do not understand why btc did not retest 68000 level.

Note

54000
Be ready for the black swan , the biggest crash

Trade active

38000 this week or next week

Note

64300
Good short enrtry.
Liq >= 68000

Trade active

#BTC
58162
38000 is the destination

Trade active

54000
#btc 54000

38000 is the destination

mrmrsm89

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