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Bitcoin head & shoulders reversal - target level ~$5.8k

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BTC/USD is showing a potential head & shoulders reversal pattern here. bearish confirmation & target are labeled on the chart, as well as bullish confirmation (IMO the bearish projection here is more likely statistically). bullish confirmation would likely bring it to at least $20k.

I might add a bigger write-up later if I have time, currently busy with my family. but I will quickly say that this situation and chart is eerily similar to the crash we had pre-Segwit1x fork.

trade at your own risk.
Not
anlık görüntü
more and more it's looking like the bearish scenario is being confirmed
Not
anlık görüntü
about to retest the neckline in the short-term
Not
anlık görüntü
strong rejection of the upside of the channel here
still looking bearish to me; target remains unchanged
Not
at this point it looks to me like there will be bullish confirmation soon
Emir iptal
pattern invalidated. next stop $25k?
İşlem aktif
it looks like my first chart (this chart) will actually be the correct path now.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.