Bitcoin head & shoulders reversal - target level ~$5.8k

BTC/USD is showing a potential head & shoulders reversal pattern here. bearish confirmation & target are labeled on the chart, as well as bullish confirmation ( IMO the bearish projection here is more likely statistically). bullish confirmation would likely bring it to at least $20k.

I might add a bigger write-up later if I have time, currently busy with my family. but I will quickly say that this situation and chart is eerily similar to the crash we had pre-Segwit1x fork.

trade at your own risk.
more and more it's looking like the bearish scenario is being confirmed
about to retest the neckline in the short-term
strong rejection of the upside of the channel here
still looking bearish to me; target remains unchanged
評論: at this point it looks to me like there will be bullish confirmation soon
取消訂單: pattern invalidated. next stop $25k?
交易進行: it looks like my first chart (this chart) will actually be the correct path now.
@team_USA This is such a great analysis, keep the great job!
+1 回覆
team_USA Juanchobanano
@Juanchobanano, thanks man! :)
+1 回覆
Hoping for a bullish confirmation since bittrex won't let me withdraw coins due to identification error lmao, but good analysis.
+1 回覆
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