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morningtomyum
Sep 8, 2020 1:15 AM

H&S or End Year Impulse? 

Bitcoin / U.S. dollarBitstamp

Description

Two possibilities: either a U shaped recovery along the current support trendline to the upside, which will eventually test the 20k resistance, or a H&S pattern forming into the downside, to repeat end year 2018 and 2019, into the 6k region. Personally, I would think it's downside for now. The crypto market seriously needs to recover from the overbought state.
Comments
Marginbuu
we are already in oversold but oke.
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