DeFeye

BITCOIN $53k right shoulder peak!?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Here you see what I mean by the title and why I call the low at $40k-$37k. The last time we completed the H&S pattern we had one low point before we went to the peak of the right shoulder, then completed the shoulder and went even lower which the current trendline that we are based on.

This is one out of many possible scenarios, but my favorite one as for now.

Check my previous post for more detail.

I'll keep you guys posted about my short, mid and long-term view on #BTC and the #crypto maket

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