Text book complex head and shoulders has been fully created. Bitcoins volume has been falling the last several days as its price has slowly risen. Liquidity zone above 100k. Look for bitcoin to hit that liquidity zone hard and reverse from there and drop hard.
The drop below 90k could happen quickly. Be prepared. The break of 100k is where most traders will go long. There’s a 15% chance it’s could continue and make a new high but the probability is 85% we will drop out of this head and shoulder pattern and head towards those lower levels.
Always stick to the higher probabilities in the charts, use proper risk management, don’t listen to the news and you will be a profitable trader year after year.
It ain’t easy but it’s simple.
The drop below 90k could happen quickly. Be prepared. The break of 100k is where most traders will go long. There’s a 15% chance it’s could continue and make a new high but the probability is 85% we will drop out of this head and shoulder pattern and head towards those lower levels.
Always stick to the higher probabilities in the charts, use proper risk management, don’t listen to the news and you will be a profitable trader year after year.
It ain’t easy but it’s simple.
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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.
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.