I am still watching BTC closely for the possibility that it completes a Head and Shoulders pattern. If it does that could be the catalyst that pushes BTC down to fill the CME gap (red box).
It may take up to another week for the pattern to complete. It is also possible that the pattern never completes. It's possible BTC may just keep slowly moving higher from here.
It may take up to another week for the pattern to complete. It is also possible that the pattern never completes. It's possible BTC may just keep slowly moving higher from here.
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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.