Bitcoin Down to 17.5k or Will Fade the Shoulder Head Formation ?
On the 4 hr graph it appears that the BTC after the right shoulder formation after breaking the neckline can go as low as 17.5kusd
This is a very controversial and an early trading idea. Considering that the right shoulder has not even formed yet. Again we may need to wait couple of days to observe still
Even after the SHS formation , we can see the failure of this idea , meaning that the price can go down and then make a sudden reversal to trap Bears.
Regardless i found this a high R/R formation coming up.
On the daily graph i am not seeing currently any reversal formation which means that this can be a head and shoulder failure. Assuming that the formation will be completed.
https://www.tradingview.com/x/a10PS97y/
This is a very controversial and an early trading idea. Considering that the right shoulder has not even formed yet. Again we may need to wait couple of days to observe still
Even after the SHS formation , we can see the failure of this idea , meaning that the price can go down and then make a sudden reversal to trap Bears.
Regardless i found this a high R/R formation coming up.
On the daily graph i am not seeing currently any reversal formation which means that this can be a head and shoulder failure. Assuming that the formation will be completed.
https://www.tradingview.com/x/a10PS97y/
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