Head and Shoulders pattern spotted on the daily!! Bitcoin Short time again!! 🐻🐻🐻

in #steemleo5 years ago (edited)

Screen Shot 2020-04-22 at 6.32.24 PM.png 19 Days till Halving!

Looks like a Bearish Head and Shoulders pattern spotted on the Daily Bitcoin chart!

Screen Shot 2020-04-21 at 3.50.48 PM.png Bearish Bitcoin Target circled (above) $5900! Source:

I still am bullish, however the chart signs are pointing to another dip first!!

Bitcoin could be headed down to a mid $6000 dollar level, maybe even $5900 in the short-term ? Nobody really knows how large the dip will be, or if there wil be another dip, however whenever we have these Head & Shoulders patterns the probability is heightened for a big drop! So if you are a trader be cautious, possibly look to sell short and buy back lower if you see the bears take control!!

https://www.tradingview.com/x/0WUqD4aR/ https://www.tradingview.com/x/0WUqD4aR/

Good Night BTC MOON!!

Screen Shot 2020-04-19 at 7.48.12 PM.png

https://www.tradingview.com/x/ZsSoyR1j https://www.tradingview.com/x/ZsSoyR1j

Follow @coininstant for more!!

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This is a very great analysis, I like it.👍

Hello @coinstant I'm new to this but logic tells me that even Bitcoin will experience a slight drop in the next few weeks.

Hola @coininstant soy nueva en esto pero la lógica me dice que hasta Bitcoin experimentara un leve descenso en las próximas semanas.

Yup, it spiked so pullbacks expected!!

Greetings @coinstant... let's hope it's in the short term and the predictions of some economist, some months ago... that it was going to be on the rise.

Saludos @coininstant… esperemos sea a corto plazo y se cumplan las predicciones de algunos economista, hace algunos meses… que iba a estar en ascenso.

Yeah looks like btc blew off that Head and Shoulders last night!! To the Mewn!!!!!

thank you very much for the information

thank you for your forecast, have a good day and trade

Obviously Bitcoin has weathered this economic meltdown very well.

Evidentemente Bitcoin ha soportado muy bien este derrumbamiento económico.

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Yup! I am also very bullish for the medium to long term! Global financial system is in total chaos!

Have a nice day!

Hello @coinstant. That is, if it falls, you have to have something to hold on to... Thank you.

Hola @coininstant. Es decir si cae hay que tener con que aguantar… Gracias.

$trdo

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