We see bitcoin rallying twice to the same supposed support which the new ath rally would occur (Yellow Bar.)
After testing to break out twice with even a massive inverse head and shoulders pattern occurring on the daily time frame we were rejected both times.
What does this tell us? It tells us Bitcoin is in favor of a move down from here with a double top pattern to boot it.
I see a massive support at 22k and a high chance it could be bottom. I will look for longs there.
After testing to break out twice with even a massive inverse head and shoulders pattern occurring on the daily time frame we were rejected both times.
What does this tell us? It tells us Bitcoin is in favor of a move down from here with a double top pattern to boot it.
I see a massive support at 22k and a high chance it could be bottom. I will look for longs there.
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