Bitcoin – NOT LOOKING GOOD!

Bitcoin all time history index INDEX:BTCUSD

tradermoth

Keep it plain, simple and minimize the noise!

Here we see on the inverted Bitcoin chart, a very large inverse head & shoulders pattern formed that started in August 2021.

If this inverse head & shoulders plays out, expect huge dumps – have marked rough levels of support.

BEST case scenario for the bulls is if we completely reject the neckline and shoot for the stars…

At the moment – the market is sideways, choppy and RISKY.

I have various different set-ups I’m watching and always waiting for confirmations of each one BEFORE entering a trade.

Bearish 2022?
What do you think?

Comment your ideas below : )

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