BTC to drop down further

٢ أغسطس ٢٠٢٢

Bitcoin tried to break out of the yellow channel to the upside for the second time, but it just made Head and Shoulders on top of the channel upper edge which acted as neckline. H&S has been confirmed by the neckline break, price dropped down inside the channel, so it basically failed to make proper upside breakout off the channel which is bearish in my view. Target of the H&S is 22200 which corresponds with the S/R zone below.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

٥ أغسطس ٢٠٢٢

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