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JoeChampion
Aug 2, 2022 1:32 PM

BTCUSD: H&S Pattern and Bearish Macro environment Β Short

Bitcoin / TetherUSBinance

Description

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Hey traders, in today's trading session we are monitoring BITCOIN for a selling opportunity around 228 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Comments
SwallowPremium
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We think it will go up! thanks for sharing your idea
UnknownUnicorn15614419
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Nice chart mateπŸ”₯
JoeChampion
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@TradingStat, cheers, thanks!
shahin320ebrahimi
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This is not a shoulder pattern, dear friend. In order for the shoulder pattern to be correct, it must be Bitcoin and within a one-hour range. But Bitcoin was rejected in the 4h range, the left shoulder is the day range, so your pattern is incorrect. Even if the losses are more, this pattern is not head and shoulders. Pay attention. The range of Bitcoin should be the same as the time frame you are checking. But it is not true. Unfortunately, most traders cannot identify the exact range and do not know the patterns. From the range of $23000 to the range of $22000 is the support of the time frame day. good luck.
DeGRAM
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Thank you for sharing your analysis.
JoeChampion
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@DeGRAM, anytime, happy to help!
CryptoCheck-
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Very good spot on this pattern, thank you for sharing this!
JoeChampion
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@CryptoCheck-, Appreciate it!
TraderAmin-KZ
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good idea agree with you πŸ‘
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