Theres a Head and Shoulders on the Hour
The H&S is also within an uptrend, and is bouncing inside a symmetrical triangle. Despite the downtrend these last few days, I would suggest the start of a reversal and trend change is on its way.
Before we see this however, I will further add that we will most likely see a test of a primary level first before we see a spring that signifies a trend reversal and bitcoin starts mooning.
However, if Bitcoin shows signs of weakness and the daily MACD, continues to signal a further downtrend then I believe we may see our biggest drop yet of around 40% before we see a macro spring, that then continues to moon after the whales have shaken out the weak hands.
In conclusion, I personally still remain bullish. Diamond Hands Baby!
Moon On!
Before we see this however, I will further add that we will most likely see a test of a primary level first before we see a spring that signifies a trend reversal and bitcoin starts mooning.
However, if Bitcoin shows signs of weakness and the daily MACD, continues to signal a further downtrend then I believe we may see our biggest drop yet of around 40% before we see a macro spring, that then continues to moon after the whales have shaken out the weak hands.
In conclusion, I personally still remain bullish. Diamond Hands Baby!
Moon On!