Will bitcoin form a head and shoulders pattern or not?
Hi friends!
I'm looking at the 4hour chart and It's still possible that BTC will form a head and shoulders pattern but it should hold that blue line.
If btc doesn't hold that blue line the next target will be the black support line. If bitcoin drops below that black line it's quite possible that we will test the previous low.
If btc holds the previous low we could be looking at a double bottom followed by a bullish uptrend. If it doesn't we'll probably test the bottom of the downtrending channel!
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Cheers
This is NOT advice. This is for information purposes only so trade on your own risk.
I'm looking at the 4hour chart and It's still possible that BTC will form a head and shoulders pattern but it should hold that blue line.
If btc doesn't hold that blue line the next target will be the black support line. If bitcoin drops below that black line it's quite possible that we will test the previous low.
If btc holds the previous low we could be looking at a double bottom followed by a bullish uptrend. If it doesn't we'll probably test the bottom of the downtrending channel!
If you want to receive more ideas like these follow me and like my idea. If i get more than 10 likes i'll update this idea!.
Cheers
This is NOT advice. This is for information purposes only so trade on your own risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.