Seems like weekly rejection above 0.382 retracement and then further downside. Prepare to sit in fiat. Patiently await to short the alts. No point of making moves in trendless market. As Dow Theory states no trading unless there’s trend. Too risky and low reward compared to the inevitable crash which is low risk very high reward
BTC looks like it is forming a large head and shoulders on the daily chart, with the bottom at 29k. It looks like there is also another small head and shoulders forming now and we seem to be on the top of the right shoulder. Additionally, you can see some bearish RSI divergence going on. This is similar to the head and shoulders and bearish divergence that...
