I am quite a novice... Please don't use my analysis for anything other than brainstorming possibilities.
However, what I see is that bitcoin has a bit further to go down before it comes back up. In the most recent volume, the red is much larger than the green. MACD is pointed down, and the small head and shoulders has a bit to go before its target is met. My (paper) money is on bitcoin getting closer to the HS target before reversing back up again.
However, what I see is that bitcoin has a bit further to go down before it comes back up. In the most recent volume, the red is much larger than the green. MACD is pointed down, and the small head and shoulders has a bit to go before its target is met. My (paper) money is on bitcoin getting closer to the HS target before reversing back up again.