today I made 2 TAs according to a possible H & S. The first TA I had to correct a little bit, because the neckline was not exactly placed. In the second TA I did a correction. In the past two hrs I checked again a lot of zoomed Charts. And the result of my Investigation I want to Show you.
As you can see in the Chart, there is the H & S with the ( around 11.800, red line). Then I put the actual possible Neckline into the Chart. The Little blue line is the retest area if BTC really should follow this H & S.
The possible result you all can see. Really bad. But this Scenario is not that impossible. The bottom target (green line) of this possible big H & S would end at a strong support from August 2017. In the past few weeks a few people here discussed exactly this support. Personally I do really not want to see this scenario, but....... as said above, it is not impossible.
Okay, tomorrow I will post again an update, but again according to daily targets, not such a big Picture.
As always, no trading advice, just educational. Trade safe and on your own risk.
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