Hello friends,
I have spotted a massive H&S pattern. This could mean that Bitcoin could dive deeper into the lower levels. Looking at the technicals it seems that the trend is weakening. The long waited regulations concerning crypto will definately have bad influence on the prices. If no other big players gets in to the game, as expected BlackRock or other funds my expectetions are very bearish. Other than that, we also broke down from a massive symmetrical triangle, which had the same target as the H&S. Stochastic on the montly chart as giving as a bearish signal.
Be careful, trade smart. Dont be with the fomo sheeps. The whales will want to sell high. Until we break 38000-39000 $ levels, I am on the bears side.
Namaste!
I have spotted a massive H&S pattern. This could mean that Bitcoin could dive deeper into the lower levels. Looking at the technicals it seems that the trend is weakening. The long waited regulations concerning crypto will definately have bad influence on the prices. If no other big players gets in to the game, as expected BlackRock or other funds my expectetions are very bearish. Other than that, we also broke down from a massive symmetrical triangle, which had the same target as the H&S. Stochastic on the montly chart as giving as a bearish signal.
Be careful, trade smart. Dont be with the fomo sheeps. The whales will want to sell high. Until we break 38000-39000 $ levels, I am on the bears side.
Namaste!
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If we dont have a pullback from here, I expect much lower levels.
Probably we will test the neckline.
If we dont have a pullback from here, I expect much lower levels.
Probably we will test the neckline.