Get started
logicalTruffle31838

WARNING: BTC could drop to 48'000$ (Head and Shoulders pattern)

Short
Bitcoin (BITSTAMP:BTCUSD)  
logicalTruffle31838  
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Head and Shoulders Bearish Patterns bitcoinprice bitcointrend cryptomarket
2
0
chartpattern headandshoulders bearish bitcoinprice bitcointrend cryptomarket
A big Head and Shoulders Pattern is forming after last month's rally. This suggests that the trend could rapidly change. This would lead to a bearish phase with the BTC price reaching 50'000 USD or less. We would need to reach the 70'000 USD zone soon enough to invalidate this scenario.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.