I'm not a financial advisor, take anything said with a grain of salt. I just like looking at charts and spotting any kind of patterns I notice. This looks very similar to the previous bear market where it went under the line, then went sideways for a bit, then had a steep drop! When it dropped, it dropped hard and fast to the line again, then proceeded to run...
With BTC clearly on the rise here the past couple days, could it be trying to regain some of it's market cap Dominance? It looks like a left shoulder and head have already formed with the base neckline here, could the right shoulder play out?
I think the chart speaks for itself here?
Just wondering if anyone thought this was the TOP back in 2017 during the last cycle?
Inverted Head & Shoulders, or reaching a bit? RSI is on the climb, MACD as well about to cross over 0. Still new to this, ideas?
Is the dandruff starting to build? Time to break out the Head & Shoulders shampoo? Starting to look like it.
Judging from the previous run, this is looking very similar on the weekly time scale. On the previous run, after the weekly green candles there was a drop to the blue line. Does history repeat itself and we see a drop in the coming week to the red line before more upside?