Bitcoin BULLFLAG or HS FORMATION Target 35000
Dear traders,
A new update for Bitcoin,
Currently you see the 30 minutes chart of Bitcoin.
Once again we have formed a head shoulder formation. The right shoulder was formed after breaking through the ascending trendline.
Be aware of that this a possible scenario because we have not confirmed the HS formation at this moment! It seems logical because descending trendline in black could be RE-TESTED but as always, nothing is 100% working all the time.
Upon a break through the HS neckline, I am looking at a target of 35000 USD. The neckline need to be broken and RE-TESTED!
Be careful because the pattern can also become a bullflag but then the price has to bounce off the green trend line.
Traders, please your comments so we can look at this situation from all sides!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍. That motivates me a lot to continue 💚!
A new update for Bitcoin,
Currently you see the 30 minutes chart of Bitcoin.
Once again we have formed a head shoulder formation. The right shoulder was formed after breaking through the ascending trendline.
Be aware of that this a possible scenario because we have not confirmed the HS formation at this moment! It seems logical because descending trendline in black could be RE-TESTED but as always, nothing is 100% working all the time.
Upon a break through the HS neckline, I am looking at a target of 35000 USD. The neckline need to be broken and RE-TESTED!
Be careful because the pattern can also become a bullflag but then the price has to bounce off the green trend line.
Traders, please your comments so we can look at this situation from all sides!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like 👍. That motivates me a lot to continue 💚!
Comment:
Guy's we broke the neckline as I expected.
Comment:
This is the moment that Bitcoin could bounce for 2 reasons.
1. To Re-test the neckline
2. A failed HS which turned out to be a bull flag/
1. To Re-test the neckline
2. A failed HS which turned out to be a bull flag/
Comment:
On our way to RE-TEST the neckline
Comment:
Comment:
Guy's some spectaculair things are going to happen but I will update my analysis when it is more clear! I like to anticipate on the things to happen but too soon is confusing. I advise you tou keep your stops always because it can go pretty fast as we already know.
