Bitcoin – NOT LOOKING GOOD!
Bitcoin all time history index INDEX:BTCUSD
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 : )
