Hi,
Five years ago, I studied BTC and the cryptocurrency market. I made a lot of money and continue to profit, but this is a world of possibilities. Maybe it's obvious, but that's just how it is. It can go up—yes, it can go down—but the important thing is that any movement is possible. If you think it will probably go down, I feel like it's over.
Now I believe that a head and shoulders pattern has formed. The chances are high that the upward movement is losing strength, so I think the next move will be an 80K retest to trigger long liquidations, gain energy, and then move up again (with higher probability due to bullish sentiment). However, I'm not ruling out further tests at lower prices.
Five years ago, I studied BTC and the cryptocurrency market. I made a lot of money and continue to profit, but this is a world of possibilities. Maybe it's obvious, but that's just how it is. It can go up—yes, it can go down—but the important thing is that any movement is possible. If you think it will probably go down, I feel like it's over.
Now I believe that a head and shoulders pattern has formed. The chances are high that the upward movement is losing strength, so I think the next move will be an 80K retest to trigger long liquidations, gain energy, and then move up again (with higher probability due to bullish sentiment). However, I'm not ruling out further tests at lower prices.
Trade active
Not Test MA yet, still going down
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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.