Hello, guys ! Do You think it's good re-bounce time for BTC ? We see Head & Shoulders at 4H chart and by this time frame this pattern plays good. This analysis isn't signal of the global downtrend final but give us mid-term premise and possible. Falling - limited, growth - unlimited. Limit your risks, follow the trend.
@rroopstr, While it can still hit fresh lows to $2000 or so in a few weeks or months, the head-and-shoulders the guy is showing is usually followed by a pop up over the short term. It can still drop lower after the pop up, but a pop up is likely going to come before the fresh lows, as the H&S shows.
StephMoen
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I think so with some consolidation, but It will show us they way for up or down after Head & Shoulders pattern
PeacefulWarrior
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@StephMoen, some actions we see these days, good healthy movements)