Possible shooting star reversal on the weekly if the next candle closes lower. We are at overhead resistance and there is bearish divergence on the RSI. Could be the bull trap that brings us back to the bottom of the pattern. If we lose all the support levels, we could test the lows again.
BTC is up 100% since the beginning of the year.
The appearance of this pattern at a resistance level is significant as it might suggest a potential exhaustion of the buying momentum.
Could be a pullback consolidation at support before moving to much higher prices in the future.
BTC is up 100% since the beginning of the year.
The appearance of this pattern at a resistance level is significant as it might suggest a potential exhaustion of the buying momentum.
Could be a pullback consolidation at support before moving to much higher prices in the future.
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