Bitcoin Head & Shoulders test and formation of BEARISH Flag.
Whats on the Chart
Red = 50 MA
Green = 100 MA
Dark Blue = 200 MA
Light blue = 12 Month MA / 55 Week MA
-----------------
Uptrend channel
&
Downtrend Channel
^
2 angles that are currently respected by BTC/USD
-----------------
Fibonacci from latest daily impulsion has already and successfully interacted with 2 trend lines at the 38.2
Red = 50 MA
Green = 100 MA
Dark Blue = 200 MA
Light blue = 12 Month MA / 55 Week MA
-----------------
Uptrend channel
&
Downtrend Channel
^
2 angles that are currently respected by BTC/USD
-----------------
Fibonacci from latest daily impulsion has already and successfully interacted with 2 trend lines at the 38.2
Comment:
BTC did not close a higher high so there is a considerable amount of indecisiveness within the market