BTC potential H&S pattern forming. Would validate bottom at 6.9k

Hi everyone,

Here is a thought on current BTC behavior, among those moves, the last recent spike which happened a few hours ago.
It triggered the apparition of a 75% completed Head & Shoulder pattern. This one would validate the previously forecasted bottom of 6.9k USD.

6.9k USD which is the target for the broke down rising wedge, the long term bottom and now the retracement based on Bulkowski measure rule is the H&S is confirmed.

Risk / reward ratio is 2 after the completion of the pattern.



All the Best from the Crypto Space

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Trading ditutup: target tercapai:

It worked pretty fast :)

I hope you caught it!


All the Best from the Crypto Space

AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
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Komentar:

Wrong trade sorry

Trading ditutup secara manual:

The pattern never reached completion due to a good buying pressure.
As always in trading a pattern remplaces another.

All the Best from the Crypto Space

Trading ditutup: stop tercapai:

Dear all,

Another H&S pattern had form instead of the bigger one shown on the chart.

I will update BTC now.


All the Best from the Crypto Space

AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading