BTC looks to be creating a Head and Shoulder Pattern - BEARISH
BTC seems likes it is in the midst of finalizing the right shoulder. If this plays out then a possible BEARISH head and shoulders patters might play out. Stock RSI is about to TOP, RSI is in a downwards pattern, and there is a possibility that the MACD uncrosses at the last-minute.
When taking into consideration that 99% of people are expecting a bullish April, as well as the overall exuberance and profits made thus far, it is not inconceivable for BTC to do the opposite and keep us on our toes. For now, I am taking profits and waiting to see confirmation signs of a possible next trend, either way.
When taking into consideration that 99% of people are expecting a bullish April, as well as the overall exuberance and profits made thus far, it is not inconceivable for BTC to do the opposite and keep us on our toes. For now, I am taking profits and waiting to see confirmation signs of a possible next trend, either way.
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