btcusdt (bitcoin) → a reverse or continue one?

٢٦ ديسمبر ٢٠٢٣

btcusdt (bitcoin) → a reverse or continue one?
hello guys...

as you can see, btcusdt made a head and shoulders pattern on the breaking area!

on the other hand, we can see a knife-out pattern here so we can expect a downward movement instead of breaking out the neckline of the pattern!

but still, we should be cautious and follow the price!

I recommend a sell-stop order after breaking down the right shoulder and a buy-stop after the neckline area!

if the right head breaks down targets are: 42158 and 41718

and if the neckline breaks up the target is 43275

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