Bitcoin (BTC / USD) Shoulder Head Shoulder Bullish in formation?

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In the last hours Bitcoin has broken the downtrend line and the price is ending to form a Bullish Shoulder Head Shoulder

Let's see

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After the abrupt drop in the price of Bitcoin in the last week, we see that the price has tried in recent days to break the bearish channel without success.

In the chart we can see a breakdown point in which price accelerates its fall and we see that it has not yet managed to break.

Analysis of the last hours

What we do see in the price of Bitcoin is that in the last hours, it breaks the downward trend line, which is a bullish signal, in the short term.

In the last few days, I see a possible SHS formation in the price of Bitcoin.

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At the time of making this post, we see that the price would be forming the right man.
When it forms it could retest the bearish channel and start, again an upward momentum

If it breaks to the upside, confirming the figure, it would bring the price close to $ 50,000.

Fibonacci

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This range of $ 48,000 - $ 50,000 will consider a 50% fibonacci retracement, a key price to define a trend.

And what do you think?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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