Bitcoin Big Head and Shoulders... Big Damp Coming?? 🐻
Word on the street is Bitcoin may be going down this halving??
Chats are full of short sellers these days, is the Bitcoin price coming to a head? Bitcoin traders seems on edge these days, the latest chatter in the streams is about the dreaded head and shoulders pattern spotted on the BTC daily chart.
Below is the current TA analysis I found on Crypto's Picasso's livestream today! These traders are brutal and will look for any reason to short Bitcoin down, especially when given a legitimate reason like a head and shoulders formation. The chart shows Bitcoin approaching the end of a right shoulder for a possible launch or drop.
Source
Bears are going to be attacking this right shoulder hard!
Just a heads up, there may be some more dips coming, these are the kind of areas to be optomistically cautious with your trading. I'd wait for a breakout or breakdown here to follow the trend!! Looks like a big short area to me!!
Targets!
https://www.tradingview.com/x/BeStCsTV/
Thanks @coinstant, as I understand sometimes crypto gives surprises, let's hope for one this time.
Gracias @coininstant, según entiendo algunas veces las cripto dan sorpresas esperemos una en esta ocasión.
We're going down big time actually, I think.
I sure hope not, though.
We're going down big
Time actually, I think.
I sure hope not, though.
- gungho
I'm a bot. I detect haiku.
you are right, the fall is possible,but I think it is insignificant
Thank you very much for sharing great information about trading,have a good day and a great mood
I think this is the part that many of us still don't understand about crypt coins... When the fiat currency falls, the crypt markets also fall...
Creo que esta es la parte que muchos seguimos sin entender de las criptomonedas… Cuando cae la moneda fiat también se desploman los mercados cripto…
It all depends on these whales!! They can lead the direction of the market!
This looks ominous!
Really good information .. before I didn't know about this i got some idea now
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