Head and shoulders just formed along with a failed retest of the previous diagonal trend line. I’d have to estimate that BTC is going to continue its downward momentum a bit further.
NOTE: We are currently (if you zoom out) in a sideways symmetrical triangle.
NOTE: We are currently (if you zoom out) in a sideways symmetrical triangle.
Comment:
It definitely found some buyers around this area. Please understand I'm accurate a lot of the time but in trading anything can happen because we have 0 control of where it goes. It's important to trade carefully. We're going to lose trades, but if we win more than we lose we're going to come out on top.