gradually the bears are getting weaker and weaker with each move, and currently we are sitting at the bottom of the second head and shoulders and have plenty room for growth.
what i think is holding us down right now is the falling wedge descending line kind of acting as a resistance.
shown in red is a very possible option. A small formation of a inverse head and shoulders that will form coinciding the falling wedge .
this is just an option NOT a prediction, Bears are showing a lot of weakness PAY ATTENTION!!!
67xx short positions open 22600 long positions open. at time of publish.
Second option move downward to 85xx where i think the lowest bottom possible is because of demand and the general consensus of what people think the price of btc should be.
what i think is holding us down right now is the falling wedge descending line kind of acting as a resistance.
shown in red is a very possible option. A small formation of a inverse head and shoulders that will form coinciding the falling wedge .
this is just an option NOT a prediction, Bears are showing a lot of weakness PAY ATTENTION!!!
67xx short positions open 22600 long positions open. at time of publish.
Second option move downward to 85xx where i think the lowest bottom possible is because of demand and the general consensus of what people think the price of btc should be.
Comment:
NOT FINANCIAL ADVICE