never trust a head and shoulders when youre trading bitcoin. it loves to make them, break down a bit, and then reverse. best way to trap the bears. a retest of the wedge resistance would be a healthy development, so thats what I'm watching for.
invalidation comes below the resistance line. biggest risk to the market right now is a rally on the dollar index (DXY). remember, this cycle is likely going to be much longer than previous cycles, so long consolidations like this will likely continue for the next year or so.
invalidation comes below the resistance line. biggest risk to the market right now is a rally on the dollar index (DXY). remember, this cycle is likely going to be much longer than previous cycles, so long consolidations like this will likely continue for the next year or so.
Commentaire:
this aged well