BTC Possible H&S
Seems like we might have a possible H&S on the daily. Buyers need to step in here. We might get some consolidation or distribution in this zone until it plays out. Miners outflow was about 500-600 BTC this morning. CME gap from Friday is also in the low 18000s, which is usually a 50/50 shot of getting filled but if it’s so close the the current value then there is a chance. We also have the Mr Gox FUD to deal with, which will probably get delayed again. Last thing, not charted but on the weekly it looks like we got a Hanging Man candle which is a bearish sign. Trade safe and good luck
Disclaimer
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.