STILL BULLISH - (UPDATE)
Looks like we will get a retest before moving up.
Keep your eye on the 200MA here, will be a great reference for a re-buy.
There was a clear HEAD AND SHOULDERS BEARISH REVERSAL pattern at the top of this pump, missing the target of the DESCENDING BROADENING WEDGE. HOWEVER - THAT DOES NOT MEAN WE WON"T REACH IT!
Like I said in the original post, BTC has been flipping from BULLISH to BEARISH for the last 24 hours or so.
RSI is a bit over bought, and we coming back down to re test the 200MA will help reset this.
What do you think??
Keep your eye on the 200MA here, will be a great reference for a re-buy.
There was a clear HEAD AND SHOULDERS BEARISH REVERSAL pattern at the top of this pump, missing the target of the DESCENDING BROADENING WEDGE. HOWEVER - THAT DOES NOT MEAN WE WON"T REACH IT!
Like I said in the original post, BTC has been flipping from BULLISH to BEARISH for the last 24 hours or so.
RSI is a bit over bought, and we coming back down to re test the 200MA will help reset this.
What do you think??
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