BTC M15 head and shoulder pattern formation
BTC M15 head and shoulders bottom formation
After BTC consolidating for a few days, repeating, testing support zone,
forming the head and shoulder pattern in M15,
BTC double testing support zone 7700, and get supported at 7700,
forming the head and shoulder pattern and break through the neckline and face the first pressure level of 8300.
After BTC retrace back to the neckline support region, testing again the neckline support,
if we hold above the neckline, we can consider to place a long order around the neckline region,
the target price will be at 8900.
Recently, the BTC has not stabilized.
Currently, only short-term scalp trading is recommended.
If BTC stabilizes in November, the long-term direction appears.
We can start to place a long-term position.
After BTC consolidating for a few days, repeating, testing support zone,
forming the head and shoulder pattern in M15,
BTC double testing support zone 7700, and get supported at 7700,
forming the head and shoulder pattern and break through the neckline and face the first pressure level of 8300.
After BTC retrace back to the neckline support region, testing again the neckline support,
if we hold above the neckline, we can consider to place a long order around the neckline region,
the target price will be at 8900.
Recently, the BTC has not stabilized.
Currently, only short-term scalp trading is recommended.
If BTC stabilizes in November, the long-term direction appears.
We can start to place a long-term position.
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