Rounded top is a reversal pattern, it will activate if price closes below 8555 learn.tradimo.com
did you know that spx is 20 times overvalued, compared to the stocks earnings, experts say that lifting the lockdown too quickly will have a detrimental effect on the economy, and I dont think btc is going to be spared, now that halving hype is already gone, sure btc is a good investment to fight the inflationary fiat, no doubt about that but not at 9k prices 1-2k...
Looks like bear pennant but let's see if this actually works.
Although we did break out of the wedge, the current situation of bitcoin just doesn't look bullish. It is developing a descending triangle, and could be a wyckoff distribution just below the resistance, ready to repeat the march dumping. And once the trendline that supported the bottom of the wedge breaks this would immediately trigger more sell off and...
Have you ever looked at bitcoin tops and notice what they look like? Oh well, why do I have to tell you :-} And we haven't even tasted this weekly pivot yet so you know what to do mah boooy.
We have just completed the large wedge as well on the weekly. BTC will find a temporary support on 0.5 and 200 weekly moving aveRAGE.
At this point looks like bitcoin can pump another $200-300, which is not to be trifled with. After that, there is quite a high possibility of a promised huge dump.