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RN03xx

Bitcoin taking a break. Head and shoulders + Parabola break

Short
Bitcoin (COINBASE:BTCUSD)  
RN03xx  
COINBASE:BTCUSD   Bitcoin
Trend Analysis
2
0
trendanalysis
Bitcoin has clearly taken a break after its parabolic run up to 9k. I also notice a head and shoulders reversal across several time frames.

3 areas I'm looking for a bounce / consolidation are listed in the chart.

I do believe this is a short term micro trend reversal in the overall uptrend.

Reminder that in 2017 we saw BTC dump, then run up to its ATH in 35 days:
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