Dear Traders,
Here is another update on Bitcoin after forming a new leg down we are already seeing another new head and shoulder formation.
Rarely did I see so many head shoulder formations together. Big ones, small ones and importantly both the inverse and the regular ones are almost all still valid.
You can check that in my post from before.
Keep also an eye on this new shorter term pattern:
With this new H-S I see the next target at 47000 USD.
I will keep you posted on how I see it developing further.
Dear traders, this is my own personal view of Bitcoin and not an investment advice. Always use your money management and a good stop loss before placing any trade! This way you stay in this game!
Have fun and trade safely!
If you appreciate my posts, it would be nice to follow and like me! It motivates me to continue with these analyses!
Trade closed: target reached
Traders short trade closed and target reachedNote
Now we see a bearish bearflag with continuation of the down trendTrade closed: target reached
Important:Hello Traders, I analysed Bitcoin and we have hit our targets already as you saw but for now, I think we are not going lower then 46000. Later we will see if this prediction was right.
Happy trading!
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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.
Related publications
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.