BTC Short Term | Head & Shoulder & Broken Trendline | Fakeout?

Looking at bad omens for BTC. Head and shoulder, a similar span of bull run time as the previous cycle, in conjunction with the broken trendline. Although last week's candle closes respected the trendline perfectly we cannot ignore the fact that the current candle trading below support could be detrimental for this year's bull cycle. A hard pill to swallow. There is hope we not only range between 30k & 40k and blow past the resistance in the next 9 days prior to the monthly close however we are more likely to see a short fall to the 20k mark giving traders amazing buying opportunities.

markets move in waves, and that's why I like looking at monthly and weekly charts. You cannot depend on "stonks only go up" because of the market. moves. in. waves. Seeing higher time frames eliminates the narrow-minded perspective of going up. Learn TA and proper risk to prevent yourself from getting ready, arrogant, and wrekt.