BITCOIN BTC Will we bounce on the necklines or sink - MUST SEE!
Hello Traders,
Here is another update for Bitcoin where I have removed the smaller head shoulder formations from my previous charts for a better overview.
Here we see on the 2 hour chart of Bitcoin 2 Main shoulder patterns with 2 necklines. The orange neckline 2 and the redder neckline 3.
The orange trend channel that bitcoin has been in since early March has been broken already (wick).
Now we need to look closely at these necklines. If they hold then we will go back up like a rocket. A failed H-S gives that reaction. If we do fall through one of the necklines with a close of a candle then we will really see 29000 usd come into view.
Bitcoin always puts everyone on the wrong track because of its gigantic manipulation. Yesterday Elon Musk sent out a tweet that Tesla will no longer accept Bitcoin for payment of Tesla cars and this is for environmental protection. That's a ping pong tweet. All designed to scare traders and investors out of their Bitcoin.
So pay attention and also check out my other detailed analyses of Bitcoin. Remember, Bitcoin controls the entire crypto market with all ALTS included.
Here is another update for Bitcoin where I have removed the smaller head shoulder formations from my previous charts for a better overview.
Here we see on the 2 hour chart of Bitcoin 2 Main shoulder patterns with 2 necklines. The orange neckline 2 and the redder neckline 3.
The orange trend channel that bitcoin has been in since early March has been broken already (wick).
Now we need to look closely at these necklines. If they hold then we will go back up like a rocket. A failed H-S gives that reaction. If we do fall through one of the necklines with a close of a candle then we will really see 29000 usd come into view.
Bitcoin always puts everyone on the wrong track because of its gigantic manipulation. Yesterday Elon Musk sent out a tweet that Tesla will no longer accept Bitcoin for payment of Tesla cars and this is for environmental protection. That's a ping pong tweet. All designed to scare traders and investors out of their Bitcoin.
So pay attention and also check out my other detailed analyses of Bitcoin. Remember, Bitcoin controls the entire crypto market with all ALTS included.
Comment:
It gets interesting:
Comment:
Important:
Hello Traders, I analysed Bitcoin and I think that for now we are not going lower then 46000. Later we will see if this prediction was right.
Happy trading!
Hello Traders, I analysed Bitcoin and I think that for now we are not going lower then 46000. Later we will see if this prediction was right.
Happy trading!
Comment:
Dear Traders, here we see the 1 hour Bitcoin chart. A small Head and shoulders pattern has formed where the neckline has already been re-tested.
I expect now as first targets:
Target 1 46800
Target 2 46014
Please share your thoughts!
I expect now as first targets:
Target 1 46800
Target 2 46014
Please share your thoughts!
Comment:
Here an update traders.
You can see how this H-S develops in the declining channel!
Target 1 46800
Target 2 46014
You can see how this H-S develops in the declining channel!
Target 1 46800
Target 2 46014
