BTCUSD Weekly DOJI candle forming- be prepared! H&S, Double Top
I have based my analysis on the fact BTC has made a double top between April and November 2021 plus, recently H&S pattern has formed and with the right shoulder candle that would be completed in 15h (DOJI!) we might see the move downwards and the next support level is quite close to the target, sooo.... be prepared!
Just so you know- In my opinion BTC and other cryptocurrencies have a huge potential but this market is not like anything else, manipulated and does make you loose or gain so fast, just when everyone thinks it's now time to go to the moon it goes down, unpredictable like a small child :D
I hope you do take this analysis as just an idea not a trading advise, trade carefully, s/l around 1% of your capital would be a healthy choice for your nerves and good night sleep
Just so you know- In my opinion BTC and other cryptocurrencies have a huge potential but this market is not like anything else, manipulated and does make you loose or gain so fast, just when everyone thinks it's now time to go to the moon it goes down, unpredictable like a small child :D
I hope you do take this analysis as just an idea not a trading advise, trade carefully, s/l around 1% of your capital would be a healthy choice for your nerves and good night sleep
Trade active:
soon.
Trade closed: target reached:
target reached!