BTC LT bearish scenario
Please feel free to comment or challenge me on my TA. And please leave a like to show support.
------------------------------------------------
The last weekly candle gave us a beautiful touch on the neckline of this H&S pattern which Bitcoin might be forming. At this point, it is too early to tell, but it is always best to prepare for the worst. Or the best? Depends on how you look at it.
- H&S pattern forming since October 2019
- Left shoulder took 112 days to form so if the right shoulder takes the same amount of time that would mean: bottom on the 27th of July at 6500 sats; and a return to the neckline around the end of September. Both those levels connect to weekly Support and Resistance points
- This weeks candle will be crucial. Candles like the one of last week tend to have their wicks eaten in the week that follows. Time will tell.
------------------------------------------------
The last weekly candle gave us a beautiful touch on the neckline of this H&S pattern which Bitcoin might be forming. At this point, it is too early to tell, but it is always best to prepare for the worst. Or the best? Depends on how you look at it.
- H&S pattern forming since October 2019
- Left shoulder took 112 days to form so if the right shoulder takes the same amount of time that would mean: bottom on the 27th of July at 6500 sats; and a return to the neckline around the end of September. Both those levels connect to weekly Support and Resistance points
- This weeks candle will be crucial. Candles like the one of last week tend to have their wicks eaten in the week that follows. Time will tell.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。