Here is a very clean macro pattern. We just had the re-test of the neckline this week which I would consider successful, so I am now short and ready to tackle lower prices.
This comes right after the inverse head and shoulders macro pattern for BTC that I posted about failed, so now lets see if its counterpart will succeed. It surely has the momentum going in the bearish direction now, so will be interesting to see what happens this weekend and next week. I expect the red candles to be coming sooner rather than later as the neckline was already tested as mentioned above.
This comes right after the inverse head and shoulders macro pattern for BTC that I posted about failed, so now lets see if its counterpart will succeed. It surely has the momentum going in the bearish direction now, so will be interesting to see what happens this weekend and next week. I expect the red candles to be coming sooner rather than later as the neckline was already tested as mentioned above.