$50k possible for BTC/USDT with this head and shoulders
Hey there. I hope everyone's doing fine.
Although the market is affected by geopolitical situation about Ukraine conflict, I didn't want to miss the opportunity of a trade on a possible head and shoulders pattern on Bitcoin chart.
Now that the $42k resistance is turned into support and BTC/USDT is possibly got rejected from $46k, on retest of $42k zone, there is a good possibility of a head and shoulders formation.
I hope everything ends with a good profit for everyone and hope you enjoyed this analysis. If so, please make sure to like and don't forget to subscribe.
Cheers.
Although the market is affected by geopolitical situation about Ukraine conflict, I didn't want to miss the opportunity of a trade on a possible head and shoulders pattern on Bitcoin chart.
Now that the $42k resistance is turned into support and BTC/USDT is possibly got rejected from $46k, on retest of $42k zone, there is a good possibility of a head and shoulders formation.
I hope everything ends with a good profit for everyone and hope you enjoyed this analysis. If so, please make sure to like and don't forget to subscribe.
Cheers.
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