Bitcoin possible bearish head and shoulder reversal figure?

Bitcoin possible bearish head and shoulder reversal figure?

By trade60 | trade60 | 27 Oct 2021


 

 

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If it is indeed a bearish head and shoulder reversal figure, Bitcoin will try to test 51000/51500. I must admit that it is a little dirty figure because the right shoulder is not lower than the left shoulder. Let's see if there will be a return of the prices above the neckline (she also does not specify). If the 58000 is support and the price swings with increasing volumes then I believe we are going to test the resistance at 63500/63700. So I will go long after passing the last 4 hour candle, always above 58000. 

What do you think?

Happy trading everyone!

 

Chart from tradingview.com

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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