BTCUSD threatening a h&s breakdown to 47k

16 Mar 2021

were this to happen it would still not break the bullish momentum as 47k is still just a higher low on the daily chart. I would have to dip below 42900 to form a lower low, so this pattern can very likely validate and price action drop to even as low as 43 k and we would still continue to be bullish. I wouldnt be alarmed unless I saw price action below 42.9k I will be accumulating if it does breakdown *not financial advice* , Also all the bullish patterns ive posted in the recent week are still all valid we are just seeing a pullback on the way to their targets which is a normal and pretty common occurance.

16 Mar 2021

Catatan

one last thing to add is this can easily be a fakeout h&s pattern as well we will have to see what it does here in the next couple days in this current neckline zone.