btc H&S, uptrend is over.
Bitcoin continued to rise.
But once the price rises, it falls.
H&S patterns are forming after double top .
If price breaks through the neckline and falls, those who think the uptrend is broken will sell Bitcoin .
TP1 : 28780
TP2 : 28200
I usually sell everything on tp2.
However, if it break through the neckline this time, I think I will have it for a while.
This is because there is a possibility that a large correlation will come because there has not been adjustment after 20k.
entry: 29170
stop loss : 29220 (above right shoulder, if it go above 29200 then it is not H&S )
But once the price rises, it falls.
H&S patterns are forming after double top .
If price breaks through the neckline and falls, those who think the uptrend is broken will sell Bitcoin .
TP1 : 28780
TP2 : 28200
I usually sell everything on tp2.
However, if it break through the neckline this time, I think I will have it for a while.
This is because there is a possibility that a large correlation will come because there has not been adjustment after 20k.
entry: 29170
stop loss : 29220 (above right shoulder, if it go above 29200 then it is not H&S )
Penafian
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