CryptoPatel

Bitcoin H&S Pattern Target still $52000 And I AM in Long with SL

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BYBIT:BTCUSDT   BTCUSDT SPOT
#Bitcoin Exclusive H&S Update:-

- $BTC currently trading at $42000 Level

- I am still bullish above $40000

- Because H&S Pattern Neck Line support is $40000

- After Breakout $51000 Resistance now Retest level broke down $45000

- If BITCOIN breaks $45000 resistance then Again entered in the Bull zone.

- As per the chart Left Shoulder Has been completed and now Waiting to fill the Right Shoulder.

- If This Pattern works then the Right Shoulder Target will be $51000-$52000

- Break Below $40000 level, I will bearish Toward $30k level.

- Let’s see what happened first
+30% or -27%

- Still Bullish engulfing Candle in the 3D chart.

- Bullish Engulfing Pattern Stop Loss is $39650

- Super Trend also Sell signal but As per the last Fractal when Right Shoulder Formed that time also Super-trend was bearish.

- Now if the same Happens then $51000-$52000 target within 36 days.

- If Stop Loss hit means Opposite Signal Activated.

Support:- $40000/$29000
Resistance:- $51132/$64300

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