BTCUSD has had a good run up over the last couple of days, but I think it's time for a breather.
I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950.
This coupled with ETHUSD looking to make its next move higher (money flows out of BTC into ETH), makes me think we'll see some short term lower prices in BTCUSD before it's next leg higher.
Good trading,
Jared
I've outlined two different inverse head and shoulder options I think could play out over the next couple of days. I've labeled both corresponding shoulders, also aligning with the fib levels roughly around 985 and 950.
This coupled with ETHUSD looking to make its next move higher (money flows out of BTC into ETH), makes me think we'll see some short term lower prices in BTCUSD before it's next leg higher.
Good trading,
Jared
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