stantm23

BTC head and shoulders

stantm23 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
www.tradingview.com/chart/nSeV9PgK/

Short term BTC price movement - sideways and might form an inverted H&S. Back to BTC trade after lowest point formed and rebound on first couple of candles. Alt coins might flourish during this period as funds will be poured from BTC to Alts as BTC price movement becomes a bit boring.
Trade active:
BTC head and left shoulders has formed. If BTC to accurately form a head and shoulders then we dont expect the price movement to reached ATH in next 2 months or more. However, this seems like a consolidation of BTC rather than a shot up to reach 70k. It might be possible to reach higher at later this year.

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