As we can see in this 4h chart BTC -2.18% is hanging dangerously close to its major resistance line. If it crosses it, then the bears have it and we are one step closer to being back in the overall downtrend bear market.The biggest bear indicator is the momentum indicator at the moment, notice the lower highs and higher lows forming, signaling loss of momentum and giving more power to the bears. Shorts are in position.
An Inverse Head & Shoulders could also be in place yet probability wise the former is more likely.
**This is not financial advice please trade at your own risk as this is for educational purposes only**
An Inverse Head & Shoulders could also be in place yet probability wise the former is more likely.
**This is not financial advice please trade at your own risk as this is for educational purposes only**
- Azymetry