Bitcoin Head & Shoulders test and formation of BEARISH Flag.
Whats on the Chart
Red = 50 MA
Green = 100 MA
Dark Blue = 200 MA
Light blue = 12 Month MA / 55 Week MA
-----------------
Uptrend channel
&
Downtrend Channel
^
2 angles that are currently respected by BTC/USD
-----------------
Fibonacci from latest daily impulsion has already and successfully interacted with 2 trend lines at the 38.2
Red = 50 MA
Green = 100 MA
Dark Blue = 200 MA
Light blue = 12 Month MA / 55 Week MA
-----------------
Uptrend channel
&
Downtrend Channel
^
2 angles that are currently respected by BTC/USD
-----------------
Fibonacci from latest daily impulsion has already and successfully interacted with 2 trend lines at the 38.2
Note
BTC did not close a higher high so there is a considerable amount of indecisiveness within the market
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.