Does this TA make short term Bitcoin movements bearish? YES
Can Bitcoin recover in short term and move into bullish territory? YES, if we close above $8,000 in very short term.
Overall pattern is bearish as we have clear Head N Shoulders pattern here. Overall targets are outlined on the chart above, longer term view is still highly bullish.
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.
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.