Bitcoin
Short
Updated

$BTC Leaning Bear

4356
H&S forming on descending volume

short entry on horizontal break

expect throwback and denial at horizontal IF horizontal support breaks

SL above R shoulder IF horizontal support breaks

1.618 fib and measured move shown - likely support somewhere in that zone

Breaking 10k and holding there would be tough imo

Note
4h bearish cross below cloud snapshot
Order cancelled
SL reached

DEWM canceled

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.