The scenario that can happen, according to the chart, it is likely that it will clear the liquidity of the range of 69 to 69,500 and put a stop there and withdraw money.
He can even strike a swing and a Shadow candle to remove a series of trades, and return to the continuation of his movement cycle, which, in my opinion, should clear the liquidity of the floor of 60,000 to 62,000.
Take it to the repair shop quickly, anyway, my opinion will not always be right and the market will backfire on us and invalidate the analysis.
I will update the scenario
A reverse head and shoulder pattern has formed in the short-term
BTCUSDT
Bitcoin chart
This is a weak pattern, so you can be patient until you see a stronger and clearer pattern for confirmation
Trading Setup:
There is a Trading Signal to Buy in BTCUSDT Bitcoin (1h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 66700.0
⭕️SL @ 65600.0
🔵TP1 @ 69500.0
🔵TP2 @ 72000.0
🔵TP3 @ 74000.0
What are these signals based on?
head and shoulder pattern
Classical Technical Analysis
Price Action
Candlesticks
Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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