CorpoJay03

H and S final conclusion

Short
KUCOIN:BTCUSDT   Bitcoin / Tether
BTCUSDT

Price is beginning to break down at about 25700 which is now resistance and a POC. The entire market is red. I am eyeing 22k and lower. I believe people are already anticipating a red September and letting the price drop. I would be weary of longing lower prices until we see significant accumulation at lower levels. Look for a reverse H AND S pattern with the head being the lowest price. Happy trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.