Hi everybody! Maybe i am the only one who sees that, but there is forming pretty nice and big Head and shoulders on BTCUSD at the moment.
I am awaiting retest of the blue line, which is valid mid term trendline. If we break through it things could change a little bit, but until then I am very, very bearish on BTC.
As I showed in my other analysis, I think BTC finished 5 waves up and now should be correction to 7k. Now there is even forming Head and shoulders with top of the right shoulder EXACTLY where the price could hit the mid term trendline. I don´t think this is an accident guys, I will wait until 9500- 9600 and then short.
If you agree with me, please hit the like button. If not, I am open to any discussion, so let me know your opinion in comments!
I am awaiting retest of the blue line, which is valid mid term trendline. If we break through it things could change a little bit, but until then I am very, very bearish on BTC.
As I showed in my other analysis, I think BTC finished 5 waves up and now should be correction to 7k. Now there is even forming Head and shoulders with top of the right shoulder EXACTLY where the price could hit the mid term trendline. I don´t think this is an accident guys, I will wait until 9500- 9600 and then short.
If you agree with me, please hit the like button. If not, I am open to any discussion, so let me know your opinion in comments!