Triston27

BTCUSD is not forming a head and shoulders formation.

Long
COINBASE:BTCUSD   Bitcoin
Some people are saying that BTCUSD is forming a head and shoulders. This is false, in a head and shoulders formation both the shoulders are lower or higher than the head depending on wether or not it is a normal head and shoulders or an inverse one.

I’m not saying that we can’t go down and if we do I plan on buy some more at a lower price, I also think we will see $6,000 before we see $4,500 or lower.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.