UnknownUnicorn1517510

Possible Head and Shoulders

BITMEX:XBTUSD.P   Bitcoin
Possibility of a Head and Shoulders forming here. Tenkan and Kijun crossed on the 30 minute are are "C-Clamping" on the 1 hour time scale, indicating Bitcoin might be heading south. MACD also is also showing divergence at lower timescales. A break down past 16300 would likely take bitcoin back to the 23% fib level or ~$15100.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.