Confirm "head and shoulders"? Falling further? BTC/USDT
Hello dear friends.
Let's assess the Bitcoin situation together now.
We will disassemble for 2 hours TF.
We have confirmation of the Head and Shoulders pattern.
Often - in 97% the price returns back to the "neck" line.
These are the marks on the chart:
35900-36750.
It is at this level that you must be extremely careful.
Why?
Because, we are forming a falling wedge, on an uptrend (for now).
If the price goes beyond this level, the price will be pulled to the level of 38500-39000 and the triangle will be broken upwards, to update 42000-45000.
For the next 3 days, f the resistance level is confirmed at the price marks: 35900-36750, bears will pull the price down. Get ready for it
I expect confirmation of this level, and the price down to the bottom.
But I am not a market maker, I am also mistaken, therefore, I described 2 scenarios to you, and indicated a strong level. Which will show you the direction of the price.
Be flexible in your trading, respect your risk and money management, trade with stop loss, and never trade on your convictions.
2017 was similar to this time of these events.
There is also another option - breaking the descending triangle downwards - if the 33800 mark is broken, definitely - a short position to continue the trend.
Let's assess the Bitcoin situation together now.
We will disassemble for 2 hours TF.
We have confirmation of the Head and Shoulders pattern.
Often - in 97% the price returns back to the "neck" line.
These are the marks on the chart:
35900-36750.
It is at this level that you must be extremely careful.
Why?
Because, we are forming a falling wedge, on an uptrend (for now).
If the price goes beyond this level, the price will be pulled to the level of 38500-39000 and the triangle will be broken upwards, to update 42000-45000.
For the next 3 days, f the resistance level is confirmed at the price marks: 35900-36750, bears will pull the price down. Get ready for it
I expect confirmation of this level, and the price down to the bottom.
But I am not a market maker, I am also mistaken, therefore, I described 2 scenarios to you, and indicated a strong level. Which will show you the direction of the price.
Be flexible in your trading, respect your risk and money management, trade with stop loss, and never trade on your convictions.
2017 was similar to this time of these events.
There is also another option - breaking the descending triangle downwards - if the 33800 mark is broken, definitely - a short position to continue the trend.
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