be careful with 1H timeframe, btc can drop under 10000
Updated
on 4H timeframe, We clearly see the head & shoulders is forming (bullish signal)
but we did see the rejection when price hit 11000
=> so we have to take a deeper look on 1H timeframe, and realize that another head & shoulders pattern is forming too, but this is the bearish signal. if 1h candle closes under the neckline, we have to sell and buy back maybe at 10000 or lower
but we did see the rejection when price hit 11000
=> so we have to take a deeper look on 1H timeframe, and realize that another head & shoulders pattern is forming too, but this is the bearish signal. if 1h candle closes under the neckline, we have to sell and buy back maybe at 10000 or lower
Trade closed: target reached
head & shoulders pattern confirmed & hit the support line
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