Scariest Bitcoin Head and Shoulder pattern is unfolding over the daily and weekly, its so scary and proposturous that i don't think its probable.
but what If it does, does that means bitcoin is going to die.
Bitcoin Descending Triangles, Bearish Outlook until the Triangle is not broken to the upside.
If broken to the upside new targets will based on Fibonacci extension around 50K
If broken to the downside new targets will based on 21WEMA around 19-23 range
Adaptation of REX indicator, works as a good exit indicator
How to use this oscillator
The oscillator Rex line becoming positive on the bearish market indicates the up-reversal.
Similarly, the negative value of the line on the bullish market indicates its down-reversal.
Moreover, the oscillator Rex and Signal lines can be used as warning signal.