Bitcoin 4 hours head and shoulders! 19,500 under pressure
Hello friends! I am the captain!
Bitcoin's 4-hour level is currently undergoing wide fluctuations! It can be seen from the cloud structure that this level is gaining momentum in the potential head and shoulders structure. At present, the left shoulder and head have been formed, and the right shoulder is still being formed. The value of the left shoulder high on the coinbase exchange is $19,500. According to the calculation of the captain, it is planned to go short at $19,288 and the stop loss is set to $19,501. A rise in this value means that the head and shoulders structure is destroyed. If an effective head and shoulders is formed, the expected downside target is 17,600, and the second target is 16,000.
Since the 4-hour level is relatively large, the formation of this result will be a relatively long process, we wait patiently!
good luck!
Disclaimer: The views in this article are not considered as any investment advice, and you are responsible for your own profits and losses based on this!
Bitcoin's 4-hour level is currently undergoing wide fluctuations! It can be seen from the cloud structure that this level is gaining momentum in the potential head and shoulders structure. At present, the left shoulder and head have been formed, and the right shoulder is still being formed. The value of the left shoulder high on the coinbase exchange is $19,500. According to the calculation of the captain, it is planned to go short at $19,288 and the stop loss is set to $19,501. A rise in this value means that the head and shoulders structure is destroyed. If an effective head and shoulders is formed, the expected downside target is 17,600, and the second target is 16,000.
Since the 4-hour level is relatively large, the formation of this result will be a relatively long process, we wait patiently!
good luck!
Disclaimer: The views in this article are not considered as any investment advice, and you are responsible for your own profits and losses based on this!
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