BTCUSDT, H&S, Short
Possible Head and Shoulders, price calculated at maximum, from the top of the head to to the neckline. Be more conservative within this range.
I'm a noob practicing so don't take my ideas seriously.
I'm a noob practicing so don't take my ideas seriously.
Note
The H&S is reinforced by a descending triangle.A larger H&S may form that may drive the price to 46k. See some pattern form for an opportunity to long. Short is less likely.
Note
Adjust TP and SL for the possible second plunge to 46k or below after the first plunge.Note
A smaller H&S just formed at the 1m~2m time frames.
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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.