Coin Circle Jinrui 4.27: The right shoulder of the head and shoulders pattern is forming. Will next week bring a buying opportunity?

CN
1 year ago

Only with a calm mind can one achieve great success in investment. Making money is the only real goal, everything else is just empty talk. Making money is the key. Hello everyone, I am AICoin Jinrui!

[BTC 4-Hour Chart]

Currently, the 4-hour chart shows that the market is in a downtrend. Additionally, a death cross has appeared, and the RSI indicator is near 30⤵️. Therefore, Jinrui believes that the key point at the moment is whether a "right shoulder of the head and shoulders bottom" will form in the short term🔑.

So, the short-term trading target is to short after the rebound above the 4-hour 25EMA (64,365). However, if the price falls below the blue area on the 4-hour chart, it may directly drop to $60,960 (the top of the left shoulder).

Therefore, the blue markings on the 4-hour chart indicate the consideration points for short positions: 🚩 ① around $60,900 ② around $59,500

If it falls below ② ($59,500), there may be a significant decline. At that time, everyone needs to pay special attention. If this happens, Jinrui will share a more neutral analysis again👍.

Also, due to the small market fluctuations over the weekend, it is important to wait for more obvious advantageous trading points.

If you want to receive real-time information later, please like and share to let me know🙌🏻. If this is helpful to you, I hope you will like it❤️ and follow me. I look forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (AICoin Jinrui). Investment involves risks, so be cautious when entering the market. The daily market situation is full of twists and turns. All I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.

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