This time it is different. The May 2020 halving is different from the previous two halvings because were in the middle of the COVID-19 crisis. A second wave of panic is going to be expected. On top of the rono we are dealing with a national coin shortage. Although this may benefit bitcoin in the long term of going completely digital, i feel the majority of the...
an H&S pattern has formed. watch the neckline! if it moves higher than shoulders it goes up for sure. but if it moves lower than the neckline it goes down to 11.4$.
BEAR hits the lowest price of all time. RSI is in the oversold area which is a bullish sign. There is also a bullish divergence in 4hr timeframe. Should we expect BTC to move down?
3 signs showing BTC can drop and BEAR moving up:
1. Reverse H&S on 1hr chart of BEAR .
2. Bullish divergence of RSI on 1hr chart of BEAR
3. Evening Star candle pattern on BTC daily chart
BTC can drop down to around 5600 where it hits the uptrend line.
