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Nutty_Trader
Oct 26, 2021 10:33 PM

Potential Short Opportunity - H&S Short

KUCOIN:BTCUSDT120
Bitcoin / TetherKuCoin

Description

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We have a head and shoulders pattern I think we retest the descending wedge that we broke down out of, before continuing to the downside. Dont underestimate the very ugly weekly candle that we closed last week. Look for short entry around 61.3k ---- Target 57K.

Thank you for viewing my post.
Trend AnalysisHarmonic PatternsChart PatternsBitcoin (Cryptocurrency)BTCcryptoshort
Comments
TWIMARKETCAP
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WOW, so far, on point!
Nutty_Trader
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@TWIMARKETCAP, thanks! Lets see if we get a daily close below 60k
wingnutrader
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@Nutty_Trader, you think this could go lower? Possibly down to 53k?
Nutty_Trader
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@wingnutrader, not quite sure. Were oversold on the 4H timeframe. But we could see 53-55k.
wingnutrader
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@Nutty_Trader, you think it might go lower? Not looking very strong here and I think it may continue down to 53k.
wingnutrader
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Another quality prediction from you. Got a nice short in @ $61300. Thanks.
Nutty_Trader
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@wingnutrader, happy to hear that! thanks for viewing.
drindrin
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Do you mean, it will reach back 61.300 and than it will drop! Or we go already down? (It is on Kukoin)
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