We are seeing that the BTC is creating a huge reversal of head and shoulders that promises a long-term reversal.
The shoulders are accumulating and need to cross the 11k5 level (Fibonanci 0.382) to break the bullish trend.
The MACD and the Histogram, RSI are showing uptrend.
Note: Careful
We are seeing resistance from Fibonacci 0.382 + trendline down + right...
Stochastic RSI is overbought it will pull the RSI down the adjustment
Long term RSI remains bullish
Multi-touch candles keep the bb and do not pass, go down, this is strong signal
The candle at the top of the bb cut shows reversal
Clouds are red and down, usually candles will go under the cloud
MA 50 is moving sideways, showing no sign of rising
The...