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VNSmartMoney
Jan 31, 2024 11:25 AM

BTCUSD (D) Which option do you prefer? 

COINBASE:BTCUSD1D
Bitcoin / United States DollarCoinbase

Description

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BINANCE:BTCUSD BTCUSD (D) Which option do you prefer?

Presently, Bitcoin (BTC) exhibits two potential price trajectories:

A continued descent towards the support zone around 38.xxx.
The formation of an inverted head and shoulders pattern in the price.

Which option do you prefer?

Trade active

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The head and shoulders pattern is happening very clearly

Trade closed manually

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The head and shoulders pattern is complete.
Trend AnalysisHarmonic PatternsChart PatternsBTCUSDTbtcusdshortbtcusdtlongbtcusdtradevnsmartmoneybtcusdsignalsbinancecryptocurrencysignalscryptoforecast
Comments
MyCryptoParadise
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Alternatively, there's a possibility of forming an inverted head and shoulders pattern, which could suggest a different price direction.
VNSmartMoney
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@MyCryptoParadise, Actually, I am never sure about what will happen in the market. :D
BTCmonkey
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short
VNSmartMoney
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@BTCmonkey, Maybe. :D
VNSmartMoney
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The head and shoulders pattern is complete.
VNSmartMoney
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The head and shoulders pattern is happening very clearly
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