Currently we just broke a rising triangle on BTC, that triangle was actually the right shoulder of a head and shoulder. IF that H&S completes its formation we should see bitcoin drop to about $3450 - $3750 range, if it doesn't brake, then that will be another story, but be careful, we still on a Bear market at the moment.
NOTE: The formation will be completed at about $5950, so it needs to pass below that price.
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Good luck to all
NOTE: The formation will be completed at about $5950, so it needs to pass below that price.
Please remember to press like.
Good luck to all
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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.