TradingView
CobraVanguard
Mar 23, 2024 10:30 AM

⚠️BITCOIN huge chance of decreasing in the price! Short

Bitcoin / United States DollarCoinbase

Description

Hi.
BINANCE:BTCUSDT

Today, I want to analyze Bitcoin for you in a 4H time frame so that we can have a SHORT-term view of Bitcoin regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).

Bitcoin has formed a Head and shoulder pattern but the neckline has not been broken yet! if the price loses this support we can expect a bearish movement back to It's more recent supports!

✅ Due to the Descending structure of the chart...
🟢 Bearish Head & Shoulder.
🟢 AB=CD.


Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!


Comments
dka99
shorting btc is like catching falling knives....
ParabolicP
Must be bullish everyone is flip flopping. 4hr IHS
ParabolicP
@ParabolicP glad you saw what I showed you
xajav66687
Superb! 👌
Abhayakku
🔥👌👌
Abhayakku
nice job
houseofcarle
Would it be fair to say that the H&S has been invalidated?
without_worries
Did a post on how to void or validate this H&S as so many were asking...

joe26130
NIce analysis! I agree, maybe an exit pump to 84k first though mid week
Gambling
it is expected and cyclical, and still uncertain. I'm holding and ready to add on
More