Potential Head & Shoulders on BTC 4HR developing 21.7k then 18k
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Looking a bit like a hunchback head and shoulders pattern. Short term target of 21.7k per BTC next couple days before potentially crashing back down to 18k again.
Macro still unchanged. Eventually it will turn bullish. Maybe Putin passes or agrees to a peace agreement. Maybe FED signals the slowing of QT. Some say we're already in a recession or will enter only a small one.
On the other hand you still have the possibility of a large recession, more rate hikes, maybe China invades Taiwan, or Monkey Pox.
In these uncertain times, have some cash aside and prepare for either scenario.
Not financial advice, trade wisely, do your own research, and know your risks.
Macro still unchanged. Eventually it will turn bullish. Maybe Putin passes or agrees to a peace agreement. Maybe FED signals the slowing of QT. Some say we're already in a recession or will enter only a small one.
On the other hand you still have the possibility of a large recession, more rate hikes, maybe China invades Taiwan, or Monkey Pox.
In these uncertain times, have some cash aside and prepare for either scenario.
Not financial advice, trade wisely, do your own research, and know your risks.
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HS pattern did not play out
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