vikinsa

BitCoin Can Fall Hard - Head and Shoulders Pattern Formed

Short
CME:BTCF2021   BITCOIN FUTURES (JAN 2021)
Traders, Bitcoin has started to show bearish signs and now it is hanging on to its life at this current level. The current monthly candle can push the price downwards to either create a huge rejection candle with a long wick at the top or a bearish candle altogether. There is a head and shoulders pattern which is right at its neck level right now. If this head and shoulders pattern plays out then this month may end up a a bearish candle for the bitcoin .


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1. Never trade too much
2. Never trade without a confirmation
3. Neve rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

Vik, what I love is that you warned us 2 days ago about breaking market structure and mid-point M pattern level to watch. You have proven again that you know your stuff!!
+1 Reply
vikinsa conormcgurk1
@conormcgurk1, Thanks. It was going to happen sooner or later. Nearly entire month's gains wiped off:

Reply
Nailed It!!!
+1 Reply
vikinsa KU13HAL
@KU13HAL, Thanks mate :
Reply
Thanks for sharing. Here's my view:
+1 Reply
vikinsa FieryTrading
@FieryTrading, very nice! thanks for sharing!
Reply
Wow, splendid!
Reply
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