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Jay3000
Jul 2, 2020 4:37 PM

BTCUSD Head and shoulders forming on 4 Hr Charts Short

Bitcoin / U.S. dollarBitstamp

Description

An update to an Existing Idea.
Wedge Breakdown, forming right shoulder as we speak. Love it when a trade goes according to plan!

Comment

The wick tested neck line.

Comment

Here we can see the head and shoulder pattern with the right shoulder being broken down into a rising wedge, and a falling wedge ABC correction. With positioning of bearish crossovers using the holy grail indicator it seems to be confirming the pattern. Let see if we can continue dissecting BTC's price movement. So far so good!
Comments
SUPERBVD
The dump is starting!
ilesanmipepsi
Nice chart and idea you have there. BTC could reach 9.5k on this bounce, though. I'm expecting the biggest dump at 9.5k.
Jay3000
@ilesanmipepsi, thank you my friend. I agree there could be another pump in the cards hard to say the 1 D is looking very dumpy..
ilesanmipepsi
@Jay3000, don't let's be ignorant of the whales activities, though!
AminHa4
Check this out and thanks for sharing...
Pab777
Thanks
metza24
Good work!
Jay3000
@metza24, Thank you!
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