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Bitcoin / Tether
Short
Updated

$BTC in line for 18k

213
30min TF. Head and shoulders pattern rolling out for bitcoin

only a matter of time till we see below 20k

BTC target 18.3 -18.4.
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invalidated

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Failed H/S Pattern = BTC 22.7..
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Possible Bulltrap??? hmmmm


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My thoughts:

The only time frame that's bullish is the Daily. Two scenarios are in play.

1) It's a bull trap, BTC fails to establish support at 21.7 & continues to dump toward 17-19k.

OR

2) We get a day or two where BTC just pumps & rejects off to 22.7-23k.





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BTCUSDbtcusdshortBTCUSDTChart PatternsFundamental AnalysisTrend Analysis
Nick.TkgProfits

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.