Is it just me or bitcoin really likes H&S pattern?!
As you can see in the chart bitcoin is forming another head and shoulders pattern,the green trend line ,40k support,stoch's cross are reasons for a trend reversal,it's better to wait for the white trend line to break or observing a reversal pattern based on candles pattern{our trigger}
what if the price breaks the 40,000 support? well 36,000 and 30,000 would be other supports.
what should I do now? still be patient and wait for the trigger or can open a long position and consider a stop loss.buying in steps can be good plan too!
In addition we should not expect a sharp rise,as you can see price fluctuates for days ,then start it's growing rally.
make sure you check lower time frames for opening your position and saving your profit each higher high.
don't forget to share your ideas in comments
best regards,SOBHAN
what if the price breaks the 40,000 support? well 36,000 and 30,000 would be other supports.
what should I do now? still be patient and wait for the trigger or can open a long position and consider a stop loss.buying in steps can be good plan too!
In addition we should not expect a sharp rise,as you can see price fluctuates for days ,then start it's growing rally.
make sure you check lower time frames for opening your position and saving your profit each higher high.
don't forget to share your ideas in comments
best regards,SOBHAN
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