BTCUSD Divergence/Possible H&S
Once again, after segwit lock in, BTC has failed to reach new ATH.
Low volume + divergences with RSI & MACD + possibly a formation of a H&S calls for some healthy correction before consolidating again.
At these levels, any profit taking and selloff will result in heavy liquidation from those that bought at or near the top. Depending on how BTC holds up, we may see deeper correction.
Low volume + divergences with RSI & MACD + possibly a formation of a H&S calls for some healthy correction before consolidating again.
At these levels, any profit taking and selloff will result in heavy liquidation from those that bought at or near the top. Depending on how BTC holds up, we may see deeper correction.
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