Double down trend H&S
Looks like we are close to the end of the run up MACD still looks bullish . However its at the bottom of the wedge has not yet crossed resistance at the top of the smaller trend. Thought i would post since everyone is so bullish atm. the bigger picture doesn't seem to confirm anything other than BTC is going down. also volume is down and levl 2 orders on bitstamp and bitfinex all show more sellers. you can see these on bitcoinwisdom
Note
the profit estimate comes from measuring the right shoulder and extending it down.
The trend is your friend ! Until the bend in the end.
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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 trend is your friend ! Until the bend in the end.
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.