Btc to 38000, Inverted Head and Shoulders pattern

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The Inverted Head and Shoulders pattern is a reversal pattern that typically signals a change in trend from a bullish (uptrend) to a bearish (downtrend). In this pattern, the right shoulder is larger than the head, which can be due to changes in supply and demand dynamics, such as a sudden increase in selling pressure( Mt. Gox distribution and sales by the German government.)

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ملاحظة

Yesterday, Bitcoin (BTC) surged to $69,300, but this does not invalidate the idea. The idea becomes invalid only if the daily candle closes above $71,000. At that point, we can consider buying again in the $71,000-$74,000 range. we miss like 5% increase .

In my opinion , 5% increase is not worth the risk of buying at $68,000 and then experiencing a drop to $38,000.

What I think
BTC 38000 - 90%
BTC above 71000 -10%

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ملاحظة

Btc 69700
In few hours it shall go below 68200 . This support my idea

٢٩ يوليو ٢٠٢٤

ملاحظة

That was so fast.
8 hrs candle closed at 68100 ,
Good

٣١ يوليو ٢٠٢٤

ملاحظة

#Btc 66290
Maybe , there will be small pump ( bull trap ) to 68000 ( maybe )

Target : 38000

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ملاحظة

This is disaster
( Coinbase appears to have violated campaign finance laws with a $25 million donation to the Fairshake cryptocurrency super PAC, made while they were in active negotiations for a federal government contract.)

١ أغسطس ٢٠٢٤

ملاحظة

BTC 64100
Again , Maybe , there will be small pump ( bull trap ) to 68000 ( maybe )

Target : 38000

٣ أغسطس ٢٠٢٤

ملاحظة

BTC 61600
Target: 38000

٣ أغسطس ٢٠٢٤

ملاحظة

BTC 60700
if you shorted BTC . Make sure your liq is above 71000
I do not understand why btc did not retest 68000 level.

٥ أغسطس ٢٠٢٤

ملاحظة

BTC 54000
Be ready for the black swan , the biggest crash

٥ أغسطس ٢٠٢٤

تم فتح الصفقة

BTC 38000 this week or next week

٢٤ أغسطس ٢٠٢٤

ملاحظة

BTC 64300
Good short enrtry.
Liq >= 68000

٣٠ أغسطس ٢٠٢٤

تم فتح الصفقة

BTC #BTC
58162
38000 is the destination

٦ سبتمبر ٢٠٢٤

تم فتح الصفقة

BTC 54000
#btc 54000

38000 is the destination