Bitcoin / TetherUS

🔥 Bitcoin Bearish Scenario: Head & Shoulders

8908
With Bitcoin trading bearish, and investors fearing a bear market, it's time to explore some more bearish ideas on price action for the upcoming months. Be aware that my long-term view is still bullish, but a glance at the other side can never hurt.

First of all, my personal worst case scenario would be sell-off towards the 40k-42K area. I'd be very surprised if this area would not cause a major bounce. A likely scenario in that case would be for BTC to bounce and trade bullish for the first part of 2022.

However, the first shoulder area between 50k-53k will be a significant resistance area where BTC has to break through. It's possible that BTC will fail here and reject this area. By then we can safely assume that we're trading in a head & shoulders pattern and that more downside (~30k) is in the cards.

Happy trading!

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。