BTC potential H&S pattern forming. Would validate bottom at 6.9k
Updated
Hi everyone,
Here is a thought on current BTC behavior, among those moves, the last recent spike which happened a few hours ago.
It triggered the apparition of a 75% completed Head & Shoulder pattern. This one would validate the previously forecasted bottom of 6.9k USD.
6.9k USD which is the target for the broke down rising wedge, the long term bottom and now the retracement based on Bulkowski measure rule is the H&S is confirmed.
Risk / reward ratio is 2 after the completion of the pattern.
All the Best from the Crypto Space
AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Here is a thought on current BTC behavior, among those moves, the last recent spike which happened a few hours ago.
It triggered the apparition of a 75% completed Head & Shoulder pattern. This one would validate the previously forecasted bottom of 6.9k USD.
6.9k USD which is the target for the broke down rising wedge, the long term bottom and now the retracement based on Bulkowski measure rule is the H&S is confirmed.
Risk / reward ratio is 2 after the completion of the pattern.
All the Best from the Crypto Space
AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Trade closed: target reached
It worked pretty fast :)I hope you caught it!
All the Best from the Crypto Space
AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
Wrong trade sorryTrade closed manually
The pattern never reached completion due to a good buying pressure.As always in trading a pattern remplaces another.
All the Best from the Crypto Space
Trade closed: stop reached
Dear all,Another H&S pattern had form instead of the bigger one shown on the chart.
I will update BTC now.
All the Best from the Crypto Space
AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
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