H&S, FIB, and high RSI could take us down.
BTC after A long way up.
We see here that the candle stopped close to 0.5 FIB area as observed.
The RSI ventilated very little but not enough.
As time goes on, we get closer and closer to a trend line. There is a possibility that we will see Bitcoin break it and reach the main trend line from the beginning of the ascent.
The main trend line is also located in the 0.382 FIB so this is definitely something that could happen later. The head and shoulders pattern is very familiar to graph analysts in the crypto field in particular.
Valid ONLY if it does not pass the FIB 0.5.
Not a trading advice
We see here that the candle stopped close to 0.5 FIB area as observed.
The RSI ventilated very little but not enough.
As time goes on, we get closer and closer to a trend line. There is a possibility that we will see Bitcoin break it and reach the main trend line from the beginning of the ascent.
The main trend line is also located in the 0.382 FIB so this is definitely something that could happen later. The head and shoulders pattern is very familiar to graph analysts in the crypto field in particular.
Valid ONLY if it does not pass the FIB 0.5.
Not a trading advice
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