GaiusPomperus

Head & Shoulders on BTC Potential Drop

Short
BYBIT:BTCUSD   None
I am seeing a head and shoulders form here in the Bitcoin charts. I am waiting for a breakout and confirmation of the neckline, if that is the case then I will be shorting BTC. My ideal entry price will be around $36.5k and my ideal profit zone will be <$35.5k. I also believe on the macro we are going into Phase C of a Wyckoff accumulation #2. Which predicts this drop, so, lps, and then the markup will begin.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.