Bitcoin Bearish Scenario

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Head and shoulders forming.

Could fall to previous support of 30k.
Watch out for how this perceived right shoulder forms.
Nota
Neckline has been breached. Possible fall to previous support
Nota
Yupppp
Dagangan ditutup: sasaran tercapai
Given Bitcoins recent 5-year history, I would go ahead and say that we are entering a safe buy area. Although I believe the strong support is between 30-31K, we could start ladder buying in this area. Be aware that there still awaits a long period of accumulation. This is a great time to stake, buy, and wait. Who knows, with big time buyers like Saylor/ Venezuela, we may not have to wait too long before another rise. Gonna go ahead and close this one out.
Bitcoin (Cryptocurrency)Chart PatternsTechnical IndicatorsTrend Analysis

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