easymatic

Giant Head and Shoulder in formation on BTC

Long
BITFINEX:BTCUSD   Bitcoin
Bulls seem exhausted at this point, bearish short term view:

- Bearish divergence RSI
- Back under the 200 Daily MA
- Positive funding
- H&S formation target met

Mid term view:

Possible giant inv. H&S formation with right shoulder bottom target of 7450 (CME Gap)
Measured move from this formation would give enough juice to BTC to break the 10k

Long term:

After the 10K breach of major downwards trend line and opening towards ATH after halving.





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