BTC Daily Update 22 May 2021
Based on BTC 4H chart, it is printing a possible head and shoulder pattern which may bring the price down to 30k in the short term.
If BTC do not go lower than the previous low, it is still printing higher high and it will continue to march on. If it doesn't, we may see a pullback to 28k.
To invalidate the head and shoulder pattern, BTC must break the head at around
42K
MACD signal line indicates that it is now printing downtrend movement.
If BTC do not go lower than the previous low, it is still printing higher high and it will continue to march on. If it doesn't, we may see a pullback to 28k.
To invalidate the head and shoulder pattern, BTC must break the head at around
42KMACD signal line indicates that it is now printing downtrend movement.
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