BITCOIN: BTCUSD This thing moves like lightning.
Shifting shapes: Head and Shoulder Top
Still don't think this has finished its rinse out yet.
Evenn more worrying, after dealing with the failed reverse
HandS this morning there looks like there's a massive head and
shoulders TOP formation appearing on the chart...stay away
for now unless short...it's still ina weak technicalposition
whilst anable to get back above resistance (old support) at
7080 right through to 7135 (more old support) and whilst
below here that Head and shoulders will grow in importance
and power...and an implied downside target at 6563.
Stay away from the cookie jar until we see the dust settle.
Shifting shapes: Head and Shoulder Top
Still don't think this has finished its rinse out yet.
Evenn more worrying, after dealing with the failed reverse
HandS this morning there looks like there's a massive head and
shoulders TOP formation appearing on the chart...stay away
for now unless short...it's still ina weak technicalposition
whilst anable to get back above resistance (old support) at
7080 right through to 7135 (more old support) and whilst
below here that Head and shoulders will grow in importance
and power...and an implied downside target at 6563.
Stay away from the cookie jar until we see the dust settle.