Howsit boys and girls, ladies and gentleman, lets take a look at btc COINBASE:BTCUSD
. We can see a head and shoulders
pattern forming on the 4hr to the value of 1250$. This breakdown falls perfectly in line with my target of 7500. Should the head and shoulders
act as a reversal we can see a retest of 11500. A break above the right shoulder will indicate a reversal and a break below 8800 will see us breaking down further to 7500 as a 1st target. With no support at 7500 other than the head and shoulders
pattern, we can see a retest of 6000.
For now im bearish
waiting on confirmation from the pattern on COINBASE:BTCUSD
If you found value in either my predictions or my analysis as a means to learn, please follow and like and share. If you didnt, please keep it to yourself its rude to gossip.