![bitcoin.png](https://steemitimages.com/DQmQcQxhtrP48kVqy6aVu7MQGc4qyqQ3iHmZfGAo1uhTuot/bitcoin.png)
## Crash might be coming, get the cash ready

Hello, good afternoon dear steemians. We can see on the chart a [Head & Shoulders pattern](https://steemit.com/trading/@gazur/bitcoin-entering-correction-mode-once-again) forming in Bitcoin, which will trigger a correction and, hopefully, a good entry point for bitcoin.

![bitcoin](https://www.tradingview.com/x/Du7w2JYG/) Bitcoin seems to be aiming for a new All time high and even though it is possible, it is highly unlikely at this point. We will probably see the right shoulder finishing, while the indicators stretch followed by a steep drop afterward. And there would be a good point to add to long position.
![bitcoin](https://www.tradingview.com/x/esi78Ho5/) * The Head & Shoulders pattern indicates a drop, beeing a good buy area at the range of $5.000 - $4.600 USD.
![bitcoin macd](https://www.tradingview.com/x/cTnRbfHH/) * The daily MACD shows clear sign of trend reversal. In the weekly chart the MACD also shows another pattern of trend reversal.
![bitcoin](https://www.tradingview.com/x/MmJxGb67/) * RSI and Stochastic RSI, both show bearish divergence;

I sold 30% of my position and waiting to rebuy at given range, leaving an order for a possible falling knife @$4.500 range. There will be an excelent buy opportunity once it returns to the bottom of the trend line.

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