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

in steemleo •  5 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!!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

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.

!shop
$trdo
!BEER
for you

Congratulations @eii, you successfuly trended the post shared by @coininstant!
@coininstant will receive 0.06351413 TRDO & @eii will get 0.04234275 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

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

Congratulations @goldcoin, you successfuly trended the post shared by @coininstant!
@coininstant will receive 4.59118125 TRDO & @goldcoin will get 3.06078750 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

Bitcoin is like the Egyptians and the Mayans... They kept making pyramids. Take care of yourself ...
alegria.jpg
El Bitcoin está como los Egipcios y los Maya… Se la pasaban haciendo pirámides. Cuídate mucho @coininstant son tiempos difíciles…

Awesome. Sold 5 shares of Shopify today.... ready to load up on Bitcoin And Smoke.

Upsmoked and resmoked.... see you over on Smoke.io. Https://Smoke.io

F17CB1F8-232F-443A-B7F0-580DB15970AD.jpeg

Hello @coinstant, more than one will be sighing and sweating cold, so it may happen in the rest of the week...

Hola @coininstant, más de uno estará suspirando y sudando frió, por lo que puede pasar en lo que queda de semana…

$trdo

Congratulations @theshaki, you successfuly trended the post shared by @coininstant!
@coininstant will receive 1.98734513 TRDO & @theshaki will get 1.32489675 TRDO curation in 3 Days from Post Created Date!

"Call TRDO, Your Comment Worth Something!"

To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site

Congratulations @coininstant, your post successfully recieved 6.64204051 TRDO from below listed TRENDO callers:

@goldcoin earned : 3.0607875 TRDO curation
@eii earned : 0.04234275 TRDO curation
@theshaki earned : 1.32489675 TRDO curation


To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site