Bitcoin is forming the second of two inverse head & shoulders nested in a a rising wedge.
This pattern won't be confirmed until the right shoulder forms.
There are many indicators flashing bearish signals, so it will be interesting to see how this develops.
This pattern won't be confirmed until the right shoulder forms.
There are many indicators flashing bearish signals, so it will be interesting to see how this develops.
Comment:
The nested inverse h&s was invalidated, however, there is a larger h&s forming on the daily. Expect downside volatility if the neckline is broken.