We can see a lot of bearish factors forming on the BTC CME futures chart.
> 2 gaps underneath the price. (yellow boxes)
> Bearish divergence.
>Old support turns into new resistance.
> possible double top formation.
> Bearish cross on the MACD.
>Possible rising wedge formation.
>>> I expect a healthy correction into the blue box of support. Which can give us a possible Head and sholders formation.
> 2 gaps underneath the price. (yellow boxes)
> Bearish divergence.
>Old support turns into new resistance.
> possible double top formation.
> Bearish cross on the MACD.
>Possible rising wedge formation.
>>> I expect a healthy correction into the blue box of support. Which can give us a possible Head and sholders formation.
Comment:
First gap filled. Let's see how price reacts
