Get started
ThomasBlikshavn

Bitcoin possible head and shoulders pattern

Bitcoin / Tether USD (POLONIEX:BTCUSDT)  
ThomasBlikshavn  
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Chart Patterns Technical Indicators Trend Analysis Bitcoin (Cryptocurrency) BTC forecast
5
0
chartpattern indicator trendanalysis bitcoin btc forecast
There is a possible head and shoulders pattern in development, indicating a near-term drop from recent all time high to the 4500-4800 area. Also RSI divergence present. I believe the most likely subsequent development is an increase to around 7500-8000 USD

BTC: 13eVMvyAdSQSPrgmRV1MYDDMNA7MZhrPta
Dogecoin (wow, such crypto): DFXQhawAjqLzNjN9YQUBBPm4nmU7UDZ7AC
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.