BTC H&S = $15K TARGET (RSI-MACD-SRSI-BB) - INVALIDATION @ $22K
Potential BTC H&S forming in correspondence with FOMC meeting... Potential $15K target
Break below neckline (@ approx. $19K) with confirmation will put target price @ approximately $15K.
RSI rejected @ resistance and turned downward
MACD shows loss of momentum to the upside
SRSI turned down @ 100
Invalidation:
Break of $22K with confirmation would complete "W" pattern with target to approximately $26K
Market/Macro Conditions:
Market
BTC still in Bear Flag and ranging between $22.4K-$18.8K with 200 acting as resistance.
Trend is still DOWN
Volume is Low = easy manipulation
BTC Fear and Greed in Extreme Fear (24) but higher then previous
Many Crypto Twitter and YouTuber's calling that the "Bottom is in"
ETC...
Macro
FOMC dictating market moves
Inflation High
GDP down
War
Interest rates rising
Recession
Supply Chain Issues
ETC...
Do with this information as you choose - NFA
Break below neckline (@ approx. $19K) with confirmation will put target price @ approximately $15K.
RSI rejected @ resistance and turned downward
MACD shows loss of momentum to the upside
SRSI turned down @ 100
Invalidation:
Break of $22K with confirmation would complete "W" pattern with target to approximately $26K
Market/Macro Conditions:
Market
BTC still in Bear Flag and ranging between $22.4K-$18.8K with 200 acting as resistance.
Trend is still DOWN
Volume is Low = easy manipulation
BTC Fear and Greed in Extreme Fear (24) but higher then previous
Many Crypto Twitter and YouTuber's calling that the "Bottom is in"
ETC...
Macro
FOMC dictating market moves
Inflation High
GDP down
War
Interest rates rising
Recession
Supply Chain Issues
ETC...
Do with this information as you choose - NFA