Graphic formation of Shoulder-Head-Shoulder in BITCOIN 4H????
• In my view, the price of Bitcoin is forming an O-C-O chart pattern, where we see the right shoulder with considerable volume inflow, and then the head and now it is forming the left shoulder (watch the increase in financial volume coming in)
• The price has already broken through the EMA of 34 and the 89 held the price. If the price continues to rise and break through the channel's neutral zone, we can disregard the formation of this graphic pattern. Otherwise, we will have the formation of the second shoulder to confirm the same, causing the price to correct further.
*** MY VISION *** the price will still continue with its macro bullish trend and break through the 40K region in search of the 50K, as projected in another analysis I did.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
• The price has already broken through the EMA of 34 and the 89 held the price. If the price continues to rise and break through the channel's neutral zone, we can disregard the formation of this graphic pattern. Otherwise, we will have the formation of the second shoulder to confirm the same, causing the price to correct further.
*** MY VISION *** the price will still continue with its macro bullish trend and break through the 40K region in search of the 50K, as projected in another analysis I did.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
