BitcoinShort
BTCUSD Bearish Momentum Formation
Blue line : Head and shoulder
Yellowish lines : Rising wedge
Note : If daily candle could not break above right shoulder , then aggressive trader may short it, if it doesn't then it can make a new high to confirm rising wedge .
Bonus : Projected Decline is the TP zone which the strong support area.
Yellowish lines : Rising wedge
Note : If daily candle could not break above right shoulder , then aggressive trader may short it, if it doesn't then it can make a new high to confirm rising wedge .
Bonus : Projected Decline is the TP zone which the strong support area.
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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.