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JacintoMonteiro
May 14, 2023 11:50 AM

BTC: Head and Shoulders Short

Bitcoin / US DollarBinance

Description

Drop on the horizon.
Volume is looking so bad.
Weekly RSI pointing down.
Head looks like Bart Simpson formation.
Twitter full of moonboys at the moment.

Comment

Weekly: MA 50 crossed with MA 200 is unique in the history of BTC!
Week chart looks ugly.

Trade active

Crucial moment looking at the local H&S.
If we cant break this resistance we dump.
If we break above we might go to next highs... but weekly chart will still look bad long term.
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