RocketBomb

BITCOIN 🤯Is it real H&S pattern?🧐

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi, today I received a lot of questions about the formation of the <<Head and Shoulders>> pattern on the Bitcoin price movement.

Guys, I understand, that the market is in a state of correction now, and seeing this pattern makes you nervous.

But let's try to figure out what may await us in the near future.


On the left side of my chart, you see the current situation. If the price breaks the neckline, only after that you can go into short position. IMHO, ONLY after breakdown 28 k we'll can talk about a trend reversal and worry about the subsequent dominance of bears in the market.

To be honest, I don't think this will happen. This can't be denied, but in my opinion it's unlikely.But who knows...

On the right side, you can see several similar movements in Bitcoin when the price WOULD LIKE to form this pattern, but the neckline was not broken and prices moved up.

DON'T TRY TO OUTSTIP THE MARKET! It will bring you only losses!

I know, that many guys have made tutorial posts on <<how to trade the Head and Shoulders pattern>>, I don't know if You need another one from me.
If you need it, let me know about it in the comments😚


I try to do my best for you, my dears😘
Stay with me😊
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Comments

great info. It looks like the dollar is going to go up for a few hours then come back down which makes me think btc will actually rally back
100coins
+3 Reply
RocketBomb whereislucas
@whereislucas, Thank You, You are so kind ♥️
+1 Reply
RocketBomb whereislucas
always happy to share my knowledge 😊 @whereislucas,
+2 Reply
Ya, there are many tutorials out there but your ideas give the satisfaction of complete knowledge so if you can make some video tutorials on how to trade different patterns and market scenarios and some trading tips then it will be very helpful for novice traders like me.
+1 Reply
RocketBomb Kartikey_01
@Kartikey_01, I definitely will make the video, I'm working on improving my English skills for free speaking🚀
+2 Reply
RocketBomb Kartikey_01
Just stay with me, I'm very grateful for your support, thank you♥️ @Kartikey_01,
+2 Reply
very kind of you to share it in a graciously way. I'm just chuckling at it when someone is saying H&S imminent. 😅
+1 Reply
RocketBomb ThanosTheBear
@ThanosTheBear, I'm sad when newbie traders try to outstip the market😢
+2 Reply
Thanks for this teaching!
+1 Reply
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