Updated
BTC --> Head and shoulders fight
In the range we are at now, we can see two HD not confirmed yet.
Even if its a small timeframe. I believe this could be the key for the coming movements on the bigger timeframes.
If the HS breaks down the neckline, it would loose the 1D MA50. Starting a C wave down on the 1D chart.
If the inverted HS breaks up, we would probably see a new local high around 7400. Fighting for an upward movement to the range of 8000.
Even if its a small timeframe. I believe this could be the key for the coming movements on the bigger timeframes.
If the HS breaks down the neckline, it would loose the 1D MA50. Starting a C wave down on the 1D chart.
If the inverted HS breaks up, we would probably see a new local high around 7400. Fighting for an upward movement to the range of 8000.
Note
Just wait for confirmation
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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.