BTC possible " Head and Shoulders " pattern? ðŽ
Hello Traders. Hope everything is going well for you.
Well I was looking at BTC chart in Daily timeframe and I saw this. Possible head and shoulders?
For forming a head and shoulders pattern, price has to break the neck line down. So no confirmed H&S pattern yet but we have to see what happens.
If it breaks the neck line down, the target for the price would be around 43K.
Also negative divergence between left shoulder and head reinforces the idea. So please don`t forget to have stop loss for your orders.
Thank you for reading my idea on BTC.
Please comment what you think is going to happen down below. ðĪð
Well I was looking at BTC chart in Daily timeframe and I saw this. Possible head and shoulders?
For forming a head and shoulders pattern, price has to break the neck line down. So no confirmed H&S pattern yet but we have to see what happens.
If it breaks the neck line down, the target for the price would be around 43K.
Also negative divergence between left shoulder and head reinforces the idea. So please don`t forget to have stop loss for your orders.
Thank you for reading my idea on BTC.
Please comment what you think is going to happen down below. ðĪð
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Well, seems like H&S pattern is declined. ð
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43K reached.
