BTC/USDT Head and Shoulder Completion on Weekly
A Head and Shoulder Pattern is clearly seen on the weekly chart, and I think it's safer to wait until around $28K-$30K to place a long on BTC/Alts.
With such Bearish Sentiment, it's still hard for the Bulls to take over, although it's still possible (but very unlikely considering such weakness) for the Head and Shoulder to end now at $38K and rebound upwards, but in the end, my honest personal opinion is to wait until $28K and see what's going on when we reach that point.
Hopefully next week/February we can see the Bulls take over again.
With such Bearish Sentiment, it's still hard for the Bulls to take over, although it's still possible (but very unlikely considering such weakness) for the Head and Shoulder to end now at $38K and rebound upwards, but in the end, my honest personal opinion is to wait until $28K and see what's going on when we reach that point.
Hopefully next week/February we can see the Bulls take over again.
NOT A FINANCIAL ADVICE
DO YOUR OWN RESEARCH
YOUR MONEY IS YOUR OWN RESPONSIBILITY
DO YOUR OWN RESEARCH
YOUR MONEY IS YOUR OWN RESPONSIBILITY