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koklucinar
Jun 5, 2021 12:46 PM

BTCUSD - Head and Shoulders Formation on 1H Chart Short

Bitcoin / United States DollarCoinbase

Description

Hey Guys,

There's a possible HS formation formed in 1H chart of BTC USD pair.
Green zone (between 33500 and 34500) is a rational target for short term trading.

This will also mean that 35K support breaking, IF only this pattern is good, so it may move further down but collecting profits should be your number one priority.

Not a financial advise, always DYOR!

Cheers.

PS: Check out related ideas too.

Trade closed: target reached

We've reached 33500K target, if you have opened up a trade after this idea, now it's a good time to take profits.
Comments
SmallDoseOfCrypto
Yes there is also another one at left shoulder starting at 33.5k sharing the same neckline
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