BITCOIN - Bearish Scenario (Head & Shoulders)

Hello my friends!
What we can see on the daily chart is a classic Head & Shoulders pattern.
This is a continuation pattern followed by a strong move. We are also at a very important Support Zone,
which could break if enough sellers enter the market in the next two days.
We will open a position under the following conditions

Position: Short
Open: When Neckline breaks - Candle close below 7800.00
Close: Red Box from 6600.00 to 6800.00
Wait for a confirmation first!

I will update this chart accordingly!

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Trade ist aktiv:

Here we go! Entry: 7800.00

Kommentar:

Kommentar:

*It's a reversal pattern. Continuation pattern in terms of an overall downtrend