If price action stay below 37.2k, we can see a downtrend in the next week. Price above, we can expect a right shoulder formation. I'm thinking is most probably a pullback to 40k after breakdown. Oscillators: Ehler's Even Better Synewave and Ehler's Smoothed Stochastic.
Comment:
BTCUSDT reached peak of this cycle at 39k
Comment:
Ehler's Fisher Transform oscillator shows trend reversal signal crossing on H1 chart
Comment:
BTCUSDT showing a bull trap on this falling wedge in a double top formation peaking at 68.1% Fibonacci Retracement on H4 chart
Comment:
Strong selling pressure show on Chaikin Oscillator w/ target at 34.5k projected in confluence w/ AB=CD pattern on weekly chart
