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farhadnmd
May 12, 2023 1:54 AM
H&S on Bitcoin Chart
Short
BINANCE:BTCUSDT
1D
Bitcoin / TetherUS
Binance
Description
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May 12, 2023 1:54 AM
A decent head and shoulders pattern formed on btc daily chart. It has the potential to cause a crash on bitcoin price to 18K. The next major support in case of losing 18K will be around 12K IMO.
Supply and Demand
Fibonacci
Head and Shoulders
BTCUSD
BTC
Bitcoin (Cryptocurrency)
BTCUSDT
Comments
KISS_Principle
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May 12, 2023 2:38 AM
target is 25200. strong support there
farhadnmd
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May 12, 2023 2:41 AM
@KISS_Principle
I'm afraid if it can hold the price and reverse the movement
KISS_Principle
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May 12, 2023 2:56 AM
@farhadnmd
just saying that's objectively the target for the H&S. it's also the tops of the prior wave
Taylor0809
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May 12, 2023 2:06 AM
Break 26k850 and BTC will fall to hell
farhadnmd
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May 12, 2023 2:39 AM
@Taylor_Nguyen Totally agree
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