Not a financial advisor...
BTCUSD parabolic price movement has come to an end.
Actually I was expecting a huge volume and a big dip. None of the expected scenarios happened.
What next? Possible Head and Shoulders, possible retest of the parabola/wedge, retest of the SMA21 daily or weekly?
Awaiting further developments and more candles...
BTCUSD parabolic price movement has come to an end.
Actually I was expecting a huge volume and a big dip. None of the expected scenarios happened.
What next? Possible Head and Shoulders, possible retest of the parabola/wedge, retest of the SMA21 daily or weekly?
Awaiting further developments and more candles...
Comment:
A retest of the wedge and of the parabola would reject the possibility of a Head and Shoulders formation, in case the right shoulder would be above the head...
Comment:
Retest of the wedge and of the parabolic move
which can be a bearish retest.
I like the lower wick on the daily candle...
BUT still CAN close in 10 min as a hanging man.
=> hopefully just weekend indicators.
which can be a bearish retest.
I like the lower wick on the daily candle...
BUT still CAN close in 10 min as a hanging man.
=> hopefully just weekend indicators.
