On my analysis BTC has reversed to a Bearish trend since first May after ranging over on double top and H&S. At the moment the major support is on December 2020 of 29k. Our huge previous support was 30k with many candles supporting it. BTC to recover this winter would have to achieve 30k and after it goes to 43.5k. According to the whole market in stocks and...
After Months the market on ETH is based on a support line that shows a perfect Head and Shoulder.
Even this Head and Shoulder is playing out on 1 day timeframe, on 4h hour timeframe we have many candles resting the neckline. This scenario bring us 100% down on BTC price. That would be a massive gain short.
Cabeça ombro cabeça acontecendo diante dos nossos olhos. Se esse movimento acontecer de fato, teremos uma previsão de 108% de derretimento do preço do Bitcoin. Quais cenários avaliar: Entrar com uma posição short. Proteger o capital fazendo hedging. Fazer preço médio do capital investido. Aproveitar o Bear Market para comprar para investimento, ou aumentar posições.
A massive Head and Shoulder is iminnent to happen. The neckline is acting as resistence of a channel . The projection of this movement is 48.22%
Header and Shoulder on 1h chart realizing on BTC bears gainin momentum.
Flag with symetrical triangle, 6% gain, risk 1.5% stop loss
the euphoria is gonne even influencers pumping cryptospace. Head and Shoulder formation with a huge Bullish divergence. It's time to come back to 20k.
H&S outside the oven, ready to play out 16%. After the long bearish moviment this monday the marketing is relaxing taking a chill before other agressive moviment. Even the days can go sideways. The probability and the TA is showing a continuation of this bearish moviment on the strong pattern.
Four hour timeframe to a day timeframe a potentiall inverse H&S . Since the beginning of this small bullish control the volume has been small and for this formation be complete the neckline has to break at 42k.
In the day time frame is forming a massive Head and Shoulder close to break the neckline between hours to seven days. That movement technically expose to more than 100% down. Giving potentially move Bitcoin to 20k to 15k considering to important resistance points on 19836 and 13920.
I have been watching different patterns coming away, supposing bullish flag. But I can see a H&S again breaking the neckline. Not guarantee, 4h chart, but can confirm bearish signal.
Apparently we have a head and Shoulder after Elon Musk declared not accepting BTC on Tesla. The reason is BTC using coal energy and overloading carbon in the planet and also the misused energy for mining. Today sounds to be the end of Bull run. Bearish BTC moment
For today 27/02 the market tends to goes up between 8500 and 9000 USDT following the bearish sequence on support of 8200.
header and shoulder formation in a secondary trend