BTC showing signs of weakness

BTC is showing signs of weakness and has been rejected in the 7400 region. This is one scenario I can see playing out by using trendlines and support/resistance lines. We could have a formation of a head and shoulders as BTC bounces off of the 4Hr blue trendline and approaches the stronger areas of resistance in the 7100 region.

Just my humble thoughts... Leave comments below with your ideas

Yorum:

RIght shoulder formed. Add to my short position at 7100