The chart and possible H&S would coincide quite near to the daily 200EMA, something that historically was tested 3 times in 2016 around this time before halving. (Also touched a month after halving...before the take off!
So we shall see. I dont see this short bounce as anything more than that...FOMO doesnt seem to figure in the volume figures....and i always have that nagging discrepency between longs and shorts that needs to come back to parity at some point...
So we shall see. I dont see this short bounce as anything more than that...FOMO doesnt seem to figure in the volume figures....and i always have that nagging discrepency between longs and shorts that needs to come back to parity at some point...
Comment:
Starting to see a potential morning star on the weekly....reinforcescurrent position in what you would think is positive movementto the upside...