@MarketAnalyzers
BTC ANALYSIS
We noticed something and thought of sharing it here.
Short term:
BTC has broken down an important support zone. We think it will retest 40-41k support and form a bigger descending triangle wrt to what we had spoken about previously
Bigger picture:
It perfectly coincides with the neckline of a huge head and shoulder pattern. We can clearly see the formation of a massive H&S pattern.
Note: we aren't 100% certain that it'll play out exactly as we think. Instead of opening short positions, I feel it's wise to open long positions n DCA all the way down. Plan ur position sizes accordingly.
BTC ANALYSIS
We noticed something and thought of sharing it here.
Short term:
BTC has broken down an important support zone. We think it will retest 40-41k support and form a bigger descending triangle wrt to what we had spoken about previously
Bigger picture:
It perfectly coincides with the neckline of a huge head and shoulder pattern. We can clearly see the formation of a massive H&S pattern.
Note: we aren't 100% certain that it'll play out exactly as we think. Instead of opening short positions, I feel it's wise to open long positions n DCA all the way down. Plan ur position sizes accordingly.
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