Bitcoin / TetherUSShort
Bitcoin Bearish Scenario
Updated
Head and shoulders forming.
Could fall to previous support of 30k.
Watch out for how this perceived right shoulder forms.
Could fall to previous support of 30k.
Watch out for how this perceived right shoulder forms.
Note
Neckline has been breached. Possible fall to previous supportNote
YuppppTrade closed: target reached
Given Bitcoins recent 5-year history, I would go ahead and say that we are entering a safe buy area. Although I believe the strong support is between 30-31K, we could start ladder buying in this area. Be aware that there still awaits a long period of accumulation. This is a great time to stake, buy, and wait. Who knows, with big time buyers like Saylor/ Venezuela, we may not have to wait too long before another rise. Gonna go ahead and close this one out.
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