NOT FINANCIAL ADVICE
Bitcoin is currently forming a massive head and shoulders pattern on the daily chart with a clear cut neckline playing as support. Conformation of this pattern will break the 9.4k support and send us into the next closest area of support down in the 7-8k range. Ironically the 8.5k CME Gap is in that range... coincidence, I think not.
Daily MACD turning a bearish cross (massive sell signal for Algos)
Weekly MACD already in the red
Descending Triangle coming to a close, with H&S pattern. Double Bearish indications
I am long term bullish on BTC but prepared to face some short-mid term downside before the next massive leg up.
Lets see how it plays out.
Bitcoin is currently forming a massive head and shoulders pattern on the daily chart with a clear cut neckline playing as support. Conformation of this pattern will break the 9.4k support and send us into the next closest area of support down in the 7-8k range. Ironically the 8.5k CME Gap is in that range... coincidence, I think not.
Daily MACD turning a bearish cross (massive sell signal for Algos)
Weekly MACD already in the red
Descending Triangle coming to a close, with H&S pattern. Double Bearish indications
I am long term bullish on BTC but prepared to face some short-mid term downside before the next massive leg up.
Lets see how it plays out.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.