Looking at the 4 hour chart the pattern looks like a Head and Shoulders, but is it? There are a few thing to note:
On the one hand:
The Daily MA50 Crossed the MA200 - Bullish Setup
BTC Halving is ~3 months away - Historically Bullish
$500 bullish candle on 2/11 - Perhaps a small short squeeze or series of large buy orders getting executed
On the other hand:
MACD and RSI turned south
Volume is still relatively low
$600+ bearish candle on 2/19 - Perhaps a small long squeeze or series of large sell orders getting executed
One thing is for sure; volatility is back! Welcome home Bitcoin.
This is just an observation of chart patterns. It is not meant to be a recommendation of any kind. do your homework and please hit the like button.
On the one hand:
The Daily MA50 Crossed the MA200 - Bullish Setup
BTC Halving is ~3 months away - Historically Bullish
$500 bullish candle on 2/11 - Perhaps a small short squeeze or series of large buy orders getting executed
On the other hand:
MACD and RSI turned south
Volume is still relatively low
$600+ bearish candle on 2/19 - Perhaps a small long squeeze or series of large sell orders getting executed
One thing is for sure; volatility is back! Welcome home Bitcoin.
This is just an observation of chart patterns. It is not meant to be a recommendation of any kind. do your homework and please hit the like button.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.