Bitcoin head & shoulders reversal pattern
Bitcoin price reached the upper line of the monthly VWAP and is forming a bearish head & shoulders reversal pattern after the bull run from the bounce on yearly highest volume node at 41800$.
The volume is decreasing.
We have a bearish divergence on momentum.
We have a bearish divergence on CVD (Cumulative Volume Delta, not shown on graph).
tradinglite.com/x/2202MjrG3a
The target is 42800$ which is the local Fib 0.238 retracement.
The volume is decreasing.
We have a bearish divergence on momentum.
We have a bearish divergence on CVD (Cumulative Volume Delta, not shown on graph).
tradinglite.com/x/2202MjrG3a
The target is 42800$ which is the local Fib 0.238 retracement.
Trade chiuso: obiettivo raggiunto
Bitcoin price reached the yellow box area at 42900$ and has made the -2% from H&S neckline.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.