The worst case scenario for bitcoin could be if it breaks down right now and completes head and shoulders pattern.
Then bounces off from 6k support and then bounce again from the head and shoulders neckline (green).
Just thinking, those moves could potentially set up for a reversed cup and handle pattern and make it fall below 6k.
But right now this is just a speculation, a food for thought. Let's see how it actually plays out in reality.
Then bounces off from 6k support and then bounce again from the head and shoulders neckline (green).
Just thinking, those moves could potentially set up for a reversed cup and handle pattern and make it fall below 6k.
But right now this is just a speculation, a food for thought. Let's see how it actually plays out in reality.
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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.