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Never risk more than you can afford to lose.
Always DYOR.
The following link presents the full view of the chart, especially the Quasimodo pattern which started at late July 2021 and ended mid Jun 2022, which caused a new ATH and respectively a new ATL above $15K, and due to some bad news around the globe $BTCUSDT crashed down especially following FTX bankruptcy.
www.tradingview.com/chart/ucxBP9DU/
as you may notice, a very long and deep down-trend has started just from pervious ATH, which marked with a red-line, already having tried to penetrate and crash it down three times (first attempt at 21,Jan 2023, second at 12. Feb 2023 and the last one was at 9 - 10. Mar 2023 ), though, $BTC has not managed to do so, therefore it seems that $BTC is forming another asymmetric head and shoulders pattern (maybe sort of Quasimodo) Aligned with the down-trend line.
If all goes well $BTC will tumbling between to high and low channels which caused it to raise it up to $21850, and then it starts to crash into $18200, to complete the pattern. consequently $BTC may crash as height as, top of head down to neck line ($25k - $20K).
Finally this is a personal idea and I am not a financial adviser.
Never risk more than you can afford to lose.
Always DYOR.
The following link presents the full view of the chart, especially the Quasimodo pattern which started at late July 2021 and ended mid Jun 2022, which caused a new ATH and respectively a new ATL above $15K, and due to some bad news around the globe $BTCUSDT crashed down especially following FTX bankruptcy.
www.tradingview.com/chart/ucxBP9DU/
as you may notice, a very long and deep down-trend has started just from pervious ATH, which marked with a red-line, already having tried to penetrate and crash it down three times (first attempt at 21,Jan 2023, second at 12. Feb 2023 and the last one was at 9 - 10. Mar 2023 ), though, $BTC has not managed to do so, therefore it seems that $BTC is forming another asymmetric head and shoulders pattern (maybe sort of Quasimodo) Aligned with the down-trend line.
If all goes well $BTC will tumbling between to high and low channels which caused it to raise it up to $21850, and then it starts to crash into $18200, to complete the pattern. consequently $BTC may crash as height as, top of head down to neck line ($25k - $20K).
Finally this is a personal idea and I am not a financial adviser.