Back On March 24th, I started sounding the alarm that the latest BTC move-up was in trouble.
Since then we have seen the price action struggle. Now we see all that volatility has now produced
well-formed head and shoulders pattern that bulls do not want to see fail.
Since then we have seen the price action struggle. Now we see all that volatility has now produced
well-formed head and shoulders pattern that bulls do not want to see fail.
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Retracing thus far the right shoulder. The pattern remains the same even if it were to head test.
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The right shoulder is now fully formed and coming into a key area.
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Danger!
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BTC is haveing difficulties trying to hold on. DANGER!
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Head and shoulders broke as expected. I have been warning about this for a while now.
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BTC as expected broke the neckline. It is struggling to hold it as long as possible,
This is due to the overall market that has come to a grinding halt holding the recent gains.
While the break may look small on the chart it is actually a big 6% + move.
The H&S breaking is not the big concern breaking the bigger structure is. H&S breaking is only a caution signal.
This is due to the overall market that has come to a grinding halt holding the recent gains.
While the break may look small on the chart it is actually a big 6% + move.
The H&S breaking is not the big concern breaking the bigger structure is. H&S breaking is only a caution signal.
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BTC Tanking today within the bull flag.
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Crypto pushing lower not looking good CAUTION!
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Correcting via time rather than price. Caution is still in order.
Real Macro Economic Investing
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