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Bitcoin head & shoulders reversal - target level ~$5.8k

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BTC/USD is showing a potential head & shoulders reversal pattern here. bearish confirmation & target are labeled on the chart, as well as bullish confirmation (IMO the bearish projection here is more likely statistically). bullish confirmation would likely bring it to at least $20k.

I might add a bigger write-up later if I have time, currently busy with my family. but I will quickly say that this situation and chart is eerily similar to the crash we had pre-Segwit1x fork.

trade at your own risk.
Nota
syot kilat
more and more it's looking like the bearish scenario is being confirmed
Nota
syot kilat
about to retest the neckline in the short-term
Nota
syot kilat
strong rejection of the upside of the channel here
still looking bearish to me; target remains unchanged
Nota
at this point it looks to me like there will be bullish confirmation soon
Pesanan dibatalkan
pattern invalidated. next stop $25k?
Dagangan aktif
it looks like my first chart (this chart) will actually be the correct path now.

Penafian

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