Possible head & shoulders (retest breakout trend-line) BTC
Hello traders,
Firstly, we had a rising wedge pattern which has slowly started playing out, this can take 24 hours to eventually fall.
Secondly, I'm seeing a possible head & shoulders pattern slowly coming together.
Confirmation if we get the right shoulder somewhere in the grey circle.
Invalidation if $44,600 gets flipped into support.
If we lose the trend-line and this turns into a fake out my first support / target will be $39,999.
There's not a single trader out there who is right 100% of the time.
Crypto is manipulated by tether and you can't control price action when they turn the money printer on and pump $1,000,000,000 into the market because nobody can see this coming.
The only thing you can do is work with the market and flow with the current market conditions.
My trades have a 90%+ hit rate, and on those losses I've learned to manage risk and average in and almost always get out breakeven or in profits.
Dear counter traders, feel free to 100x long here with your entire account margin ;)
Shoutout to my supporters who know my track record and see my trades usually play out.
After all, if my trades we're always wrong I don't think I'd have 1200+ followers.
Appreciate all of my loyal followers and supporters, I don't have to post my thoughts on the markets but still choose to despise certain individuals constantly trying to troll me and bring me down.
Please do me a favor and like/comment on this post to show support, all trolls will be blocked, reported, and ignored going forward.
👍
Firstly, we had a rising wedge pattern which has slowly started playing out, this can take 24 hours to eventually fall.
Secondly, I'm seeing a possible head & shoulders pattern slowly coming together.
Confirmation if we get the right shoulder somewhere in the grey circle.
Invalidation if $44,600 gets flipped into support.
If we lose the trend-line and this turns into a fake out my first support / target will be $39,999.
There's not a single trader out there who is right 100% of the time.
Crypto is manipulated by tether and you can't control price action when they turn the money printer on and pump $1,000,000,000 into the market because nobody can see this coming.
The only thing you can do is work with the market and flow with the current market conditions.
My trades have a 90%+ hit rate, and on those losses I've learned to manage risk and average in and almost always get out breakeven or in profits.
Dear counter traders, feel free to 100x long here with your entire account margin ;)
Shoutout to my supporters who know my track record and see my trades usually play out.
After all, if my trades we're always wrong I don't think I'd have 1200+ followers.
Appreciate all of my loyal followers and supporters, I don't have to post my thoughts on the markets but still choose to despise certain individuals constantly trying to troll me and bring me down.
Please do me a favor and like/comment on this post to show support, all trolls will be blocked, reported, and ignored going forward.
👍
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