BitcoinShort
Bitcoin head and shoulders + next targets (53k)
•Bitcoin is forming a head and shoulders pattern on the daily chart. We have to break under the neckline to confirm the breakout to the downside.
•The daily MACD has made a bearish cross.
When you draw a line from the neckline to the head, and then copy the line under de neckline where the breakout takes place, you get a price target of 53K. 53K is a massive support. We have the 50-day EMA and the old top of the September crash as support.
Conclusion: I think that we are going to 53K.
•The daily MACD has made a bearish cross.
When you draw a line from the neckline to the head, and then copy the line under de neckline where the breakout takes place, you get a price target of 53K. 53K is a massive support. We have the 50-day EMA and the old top of the September crash as support.
Conclusion: I think that we are going to 53K.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.