BITCOIN HEAD & SHOULDERS PATTERN, HOW REAL IS THIS ?
Hello my friends, today I want to talk with you about Bitcoin chart.
By yellow line, I want to show you a possible head and shoulders pattern.
Take a look at level 39600 USD it is possible neck line.
If BTC price bounce from support zone and this neck line upward price can draw a right shoulder.
Target for possible right shoulder is resistance level 53,000 USD and around this.
i don't want to get ahead of myself, at first we mush to see a pullback upward where BTC will draw a right shoulder.
After this I will make new update to this idea.
But if this pattern will happen and BTC will break neck line 39600 USD.
In this case, BTC can decries to 2nd support zone around level 29,000 USD
So be ready for such scenarios.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
By yellow line, I want to show you a possible head and shoulders pattern.
Take a look at level 39600 USD it is possible neck line.
If BTC price bounce from support zone and this neck line upward price can draw a right shoulder.
Target for possible right shoulder is resistance level 53,000 USD and around this.
i don't want to get ahead of myself, at first we mush to see a pullback upward where BTC will draw a right shoulder.
After this I will make new update to this idea.
But if this pattern will happen and BTC will break neck line 39600 USD.
In this case, BTC can decries to 2nd support zone around level 29,000 USD
So be ready for such scenarios.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.