Now after BTC break the 40K support, we found another bearish signal while doing analysis
ITS A HEAD AND SHOULDER PATTERN in 2days TIME FRAME
its clear that bearish divergence appears in the head of HNS. Now neckline shows that a possible 28-30K scenario it will dump. otherwise if this will be an invalid HNS, the bullish divergence his forming could reverse
the bearish trend and as early as 34-35K BTC will be in bullish trend again.
PLEASE DYOR
ITS A HEAD AND SHOULDER PATTERN in 2days TIME FRAME
its clear that bearish divergence appears in the head of HNS. Now neckline shows that a possible 28-30K scenario it will dump. otherwise if this will be an invalid HNS, the bullish divergence his forming could reverse
the bearish trend and as early as 34-35K BTC will be in bullish trend again.
PLEASE DYOR
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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.