Evening all,
As usual the TA is in the video. Just some quick notes.
- IMO - I am not convinced that Bitcoin will break higher on this occasion
- Will the Inverse Head & Shoulders be invalidated?
- Attempts to break higher have been met with intense sell pressure.
- There is a lack of volume
- Bitcoin unable to break the upper trendline.
In the video i have highlighted both the bullish and bearish ideas and also looked at support should Bitcoin break down from this pattern. I would look for a short position if the Inverse Head and Shoulders is invalidated or Bitcoin get's rejected again from the upper trendlines.
Thanks
SIMON BPOI
(Don't forget to boost)
As usual the TA is in the video. Just some quick notes.
- IMO - I am not convinced that Bitcoin will break higher on this occasion
- Will the Inverse Head & Shoulders be invalidated?
- Attempts to break higher have been met with intense sell pressure.
- There is a lack of volume
- Bitcoin unable to break the upper trendline.
In the video i have highlighted both the bullish and bearish ideas and also looked at support should Bitcoin break down from this pattern. I would look for a short position if the Inverse Head and Shoulders is invalidated or Bitcoin get's rejected again from the upper trendlines.
Thanks
SIMON BPOI
(Don't forget to boost)
BPOI - CRYPTO TRADING GROUP