Bitcoin Short @36K, can inverse head and shoulders save Bulls?
Bitcoin is still in a bearish trend. We were looking for a potential short at 36.5-37K at the 200MAs, but as prices have continued to decline, the 200MAs is now near 36K, and so thats where I will be looking for a potential short if we get price action and volume confirmation.
There is a potential inverse head and shoulders forming, though a very ugly/messy one at that. If price breaks back above the 200MAs, I would be looking for a potential break of the inverse head and shoulders for a long.
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There is a potential inverse head and shoulders forming, though a very ugly/messy one at that. If price breaks back above the 200MAs, I would be looking for a potential break of the inverse head and shoulders for a long.
Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
コメント:
inverse head and shoulders invalidated as price has broken below the potential head. This is why we wait for confirmation before jumping into a trade.
