All,
This chart shows the larger picture with BTC straddling the 20 monthly MA like we're glued to it. We've seen multiple failed rallies. Interest is at an all time low and their is lack of people entering the market. It appears that historically we should be going lower and below the 20MA monthly on the charts towards market capitulation and then consolidation...
I'm a novice at this but I see lack of support on the depth charts. Order book does not indicate what appears to be great support (enough orders) to continue the push forward. I see a potential head and shoulders formation possibility while also the possibility at exactly the same time a break out from the big W. Any suggestions or thoughts on this or how to...