Bitcoin is currently corming a bullish reversal head and shoulders pattern! The price is curently near the right shoulder providing us with a great buying opportunity. What is the profit target? This is a very special situation, because we have an unfilled FVG (Fair Value GAP) right above the HaS neckline. I belieave the price could breakout this HaS pattern, but will get stopped by the GAP or by the major swing high above the GAP. A lot of traders have their stop loss orders above this major swing high, so this is where the whales can take liquidity and send it down.
After that, we may see a huge dump because it’s September and it’s statistically the worst performing month for Bitcoin and also for the stock market. This is my short term update on the price of Bitcoin, and my plan for September. I hope you like it!
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
