BTC USD Short
April 2021, BTC reach ATH at 64850. Negative head and shoulders on the daily frame.
November 2021, BTC reach ATH at 69000. Negative head and shoulders on the daily frame under process.
returning back to the 65-68K will active the negative head and shoulders pattern and target should be 50-55K. the pattern will fail if BTC closed above 70K.
November 2021, BTC reach ATH at 69000. Negative head and shoulders on the daily frame under process.
returning back to the 65-68K will active the negative head and shoulders pattern and target should be 50-55K. the pattern will fail if BTC closed above 70K.
Note
also there are Doji candles on the weekly frame which is known to reverse direction.Note
TBH i didn't expect to see the right shoulder this fast, i would say that the neckline is 60K and breaking this line will active the pattern. Target will be 56K.Trade closed: target reached
Target has been reached. 56-58K.Trade closed: target reached
More targets have been reached hahaha
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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.