BTC Bulls Do Not Want To See this Fail

Back On March 24th, I started sounding the alarm that the latest BTC move-up was in trouble.

Since then we have seen the price action struggle. Now we see all that volatility has now produced
well-formed head and shoulders pattern that bulls do not want to see fail.

Note

Retracing thus far the right shoulder. The pattern remains the same even if it were to head test.

Note

The right shoulder is now fully formed and coming into a key area.

Note

Danger!

Note

BTC is haveing difficulties trying to hold on. DANGER!

Note

Head and shoulders broke as expected. I have been warning about this for a while now.

Note

BTC as expected broke the neckline. It is struggling to hold it as long as possible,
This is due to the overall market that has come to a grinding halt holding the recent gains.

While the break may look small on the chart it is actually a big 6% + move.

The H&S breaking is not the big concern breaking the bigger structure is. H&S breaking is only a caution signal.

Note

BTC Tanking today within the bull flag.

Note

Crypto pushing lower not looking good CAUTION!

Note

Correcting via time rather than price. Caution is still in order.

RealMacro

Real Macro Economic Investing
patreon.com/Realmacro

Also on:

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.

RealMacro

Real Macro Economic Investing
patreon.com/Realmacro

Also on: