Three Possibilities for Bitcoin - Which one do you agree with?
We've had the previous three months the following patterns:
- A Inverted Head & Shoulders that failed.
- Two Green Bullish Harmonic Patterns.
- One Yellow Sideways Harmonic Reversal Pattern
We're also at the top resistance of a Downtrend Modified Pitchfork.
Now forming:
1. A possible inverted Head & Shoulders which might fail as the previous one did. If this plays out, next target is $7350 and then back to $9000. We’ll see what happens afterwards.
2. A Blue Bearish Harmonic Pattern which would dump around $11600.
3. A Black Head & Shoulders with a target of $6250.
We will see which one plays out. I think personally it will be #3. What do you think?\u2028\u2028
Like to receive updates on this chart!
- A Inverted Head & Shoulders that failed.
- Two Green Bullish Harmonic Patterns.
- One Yellow Sideways Harmonic Reversal Pattern
We're also at the top resistance of a Downtrend Modified Pitchfork.
Now forming:
1. A possible inverted Head & Shoulders which might fail as the previous one did. If this plays out, next target is $7350 and then back to $9000. We’ll see what happens afterwards.
2. A Blue Bearish Harmonic Pattern which would dump around $11600.
3. A Black Head & Shoulders with a target of $6250.
We will see which one plays out. I think personally it will be #3. What do you think?\u2028\u2028
Like to receive updates on this chart!
Trade active:
MACD 4h showing a pennant. I think it will dump to the support of the triangle. Then we will see what happens.
