Interesting pattern seems to be repeating itself - for now... "Prediction is very difficult, especially if it's about the future" Niels Bohr
On the weekly i'm seeing a potential Inverse Head & Shoulders pattern forming! Dang, MEGA BULL shit! WARNING I'm not bull per se, because we still have a potential Death Cross very close! Very close... However seeing this potential weekly inverted H&S gives me some bull hope! Besides the weekly RSI is very oversold for some time now, so maybe upside is imminent?
A Death Cross in the making? Or will we be saved just in time by our oversold Stoch RSI? And for how long then...? The increase in volume in the last week might make it even more concerning; indicating a longer term bear market when the DC happens? The Stoch RSI is however pretty oversold, so maybe we will be saved from this for a few days?
We are in a fighting pit! A Death Cross is on its way or will we escape it? Battle into sunny pastures with bulls all around or enter a long dark night with bears in every corner?