Market sentiment doesn't seem strong. We see adequate volume form the left shoulder, and continuously decline as the head and right shoulder are formed. Neckline has broken and been plagued with bearish flag formations. There is also a wide spanning hidden bearish RSI divergence.
The head and shoulders target is around $5800 but I plan to use capital management to enter btc along the way to allow for margin of error.
The head and shoulders target is around $5800 but I plan to use capital management to enter btc along the way to allow for margin of error.
Trade closed: target reached:
Target perfectly hit and bounced. I'm expecting a little bit more down side, let's see
target still active