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ilia.gobadze
Jan 29, 2024 12:00 PM

Bitcoin Bearish Short

BINANCE:BTCUSD60
Bitcoin / US DollarBinance

Description

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BTCUSD has a bearish Head & Shoulders pattern, with a risk-reward ratio of 1:2.5. If this pattern is confirmed, the price is expected to decline further, potentially reaching around the 36,600 level.
Trend AnalysisTechnical IndicatorsChart PatternscryptocryptomarketBitcoin (Cryptocurrency)bitcoinpriceBTCUSDBTCUSDTbitcoinetfbitcoinfutures
Comments
MyCryptoParadise_Nathan
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The bearish Head & Shoulders pattern you've identified is quite compelling. The risk-reward ratio of 1:2.5 adds a strategic aspect to the trade.
PTrader98
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afarin
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