April 2021, BTC reach ATH at 64850. Negative head and shoulders on the daily frame.
November 2021, BTC reach ATH at 69000. Negative head and shoulders on the daily frame under process.
returning back to the 65-68K will active the negative head and shoulders pattern and target should be 50-55K. the pattern will fail if BTC closed above 70K.
November 2021, BTC reach ATH at 69000. Negative head and shoulders on the daily frame under process.
returning back to the 65-68K will active the negative head and shoulders pattern and target should be 50-55K. the pattern will fail if BTC closed above 70K.
Comment:
also there are Doji candles on the weekly frame which is known to reverse direction.
Comment:
TBH i didn't expect to see the right shoulder this fast, i would say that the neckline is 60K and breaking this line will active the pattern. Target will be 56K.
Trade closed: target reached:
Target has been reached. 56-58K.
Trade closed: target reached:
More targets have been reached hahaha
