BTC in unknown territory right now, but strong SMA indication it is moving lower. Correlates with building a massive head and shoulders.
Note
BTC bull trap appears to be almost over. Movement retraced back to the 50% fib and the daily pivot lvl and is now showing RSI weakness. Expecting BTC to continue moving lower to the next checkpoint. Note
One last little hurdle before I start looking for longs:Note
4H Head and Shoulders formation on resistance:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.