Here are two possible paths Bitcoin could take.
On the monthly chart we see a bearish Harami, usually forming at the end of an uptrend, indicating a possible reversal. However, the smaller the second candle the likelier the reversal.
We have crossed the middle line and are retesting it on the 1D time-frame and are retesting it. A consolidation here would make sense too, between both the green lines which represent the monthly resistance and support zones.
All the best!
- heish
On the monthly chart we see a bearish Harami, usually forming at the end of an uptrend, indicating a possible reversal. However, the smaller the second candle the likelier the reversal.
We have crossed the middle line and are retesting it on the 1D time-frame and are retesting it. A consolidation here would make sense too, between both the green lines which represent the monthly resistance and support zones.
All the best!
- heish
