Accumulation clearly not happening now.
An Inverted Head & Shoulders pattern is printing on the 4 hour, but volume doesn't match. Likely to be a fake pump/bull trap.
See what happens here from the 2018 bear market? Bulls think we are oversold on RSI then BAM! Capitulation.
Bitcoin standard 83% correction from 69,000 would be 11,700. Although it may not reach this price, it would be great in an ideal world.
An Inverted Head & Shoulders pattern is printing on the 4 hour, but volume doesn't match. Likely to be a fake pump/bull trap.
See what happens here from the 2018 bear market? Bulls think we are oversold on RSI then BAM! Capitulation.
Bitcoin standard 83% correction from 69,000 would be 11,700. Although it may not reach this price, it would be great in an ideal world.
Commentaire:
As predicted above, the Inverted Head & Shoulders pattern was indeed a trap. Now a Bearish Head & Shoulders has printed after breaking the bear flag, so now we are likely to move down. Shorts in profit :)
