BTC Dropping to 40K 42K? Maybe

1 Hour Time Frame

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- We have Hit every target of my previous ideas with extremely high accuracy

Possible head and shoulders forming.

- If this is the case expect a further downtrend to R1 followed by R2!
- I would recommend being prepared for the value to drop to the range of 40K-42K (Fib levels of 0.58 - 0.618 ).


- This is just my current idea.
- I am not a financial advisor!
- There is always a huge chance of different patterns taking shape in these ever-changing charts.
- I can be 1000% wrong!
- Trade responsibly.
- Be focused.
- Have a plan.
- Stick to the plan.
- No FOMO.
- Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money.
- Never trade what you are not willing to lose
- Remember Stop-loss is your friend.
- Smile!
- Good Trading and Good Luck


If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!

Comment:

I know This is a bit early for drawing the head and shoulders pattern.

- I am basing my analysis on historical chart moves as well as the current buy order ranges.
- The highest buy order ranges are between the 40k and 42k mark on most exchanges that I've checked.