BTC: SHORT TERM PLAN! BULLISH OR BEARISH?
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Welcome to this BTC update. BTC is still in a confusing situation where I'm trying to explain whether it pumps from here or dump.
Let's get to the chart.
Bullish Scenario:- According to the chart, BTC is forming an inverse head&shoulder pattern in 2hr time frame where the breakout of this pattern is still pending. If we get the breakout of the neckline then my target is $35.5k
Bearish Scenario:- At the same time, BTC is also forming a symmetrical triangle pattern if we breakdown below the lower trendline of the triangle then we might see more dump in BTC, and then my target for BTC is $25k
So what should we do now? We should wait for the breakout or breakdown. If we get a breakout from the Inverse H&S pattern then we took some long positions or if we get the breakdown from a symmetrical triangle then we took some short positions. As simple as that.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update. BTC is still in a confusing situation where I'm trying to explain whether it pumps from here or dump.
Let's get to the chart.
Bullish Scenario:- According to the chart, BTC is forming an inverse head&shoulder pattern in 2hr time frame where the breakout of this pattern is still pending. If we get the breakout of the neckline then my target is $35.5k
Bearish Scenario:- At the same time, BTC is also forming a symmetrical triangle pattern if we breakdown below the lower trendline of the triangle then we might see more dump in BTC, and then my target for BTC is $25k
So what should we do now? We should wait for the breakout or breakdown. If we get a breakout from the Inverse H&S pattern then we took some long positions or if we get the breakdown from a symmetrical triangle then we took some short positions. As simple as that.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
BTC: Breakout of inverted Head$Shoulder confirmed✅
Send it to $35k🚀