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BTC big move downward broke impt trendline; Inv H&S VOIDED
BTC update from last post where I warned of a big move coming sometime on 17Apri night after BO of triangle.
It happened. BTC broke even the very impt Head to RS trendline on 11pm Sunday. This technically VOIDED the Inv. H&S pattern unless this is a Beartrap. Next support is the 37500 to 36600 zone. Further down will see 34700to 33000 support zone.
Downtrend INTACT with lower highs & lower lows with the most recent lower low as confirmation.
RSI oversold so a small bounce is expected.
Not trading advice
It happened. BTC broke even the very impt Head to RS trendline on 11pm Sunday. This technically VOIDED the Inv. H&S pattern unless this is a Beartrap. Next support is the 37500 to 36600 zone. Further down will see 34700to 33000 support zone.
Downtrend INTACT with lower highs & lower lows with the most recent lower low as confirmation.
RSI oversold so a small bounce is expected.
Not trading advice
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