An unregulated entity and traders are trying to chart. (me being one).
If speculators actually had BTC I would consider this.
I have a feeling we may see chart TA be rewritten for BTC.
I am a holder of BTC and crypto so please don't take my advice.
I study charts and have identified a "tripple bottom of move".
I hold BTC, but am adding at this point.
Please do not take any advice from me as I used invest in AIM stocks..
My view seems correct, it has broken down from the bear flag after pennant bullish move
Either we see a move back to the bottom of bear flag and fail or break through to top of bear flag.
Not looking too positive long term, may be a trade here. to resistance levels.
New highs and break of formation.
Not sure how charts work in the crypto world , however if they do £7k coming.
In my own opinion.
I hold Bitcoin, EThereum and now BITINDIA tokens so please take my views as corrupted.
No advice intended.
FBT ,I note a head test(red) of the previous inverted head and shoulders (green) these usually play out, ref 2008 crash on US index look for similar pattern but in a bull market eg. invert everything. Russel, SP etc had this formation in the bull market head and shoulders then a test of the head which failed and then cam the crash.
Here we have a head test on an...