TradingView
lwils2169
May 27, 2021 11:41 PM

This could go either way for Bitcoin 

Description

The BTCUSD chart is showing a couple of interesting patterns currently. Firstly, we are in an ascending channel, with higher lows and higher highs (apart from the last one). However, we also have a potential head and shoulders pattern forming as well. Now, if we break down below the level of support of the ascending channel it make it more likely that the HS neckline will be broken. This would be a great short opportunity and I'd be shorting at a price of 36990, just below the 37k psychological.
More