Horrible quality chart, but I had this idea... Looks like another h&s forming towards the top of our long term resistance. A rally to the mid 9000's but a failure to wick higher can cause produce a breakdown towards $7000 region.
Halvening hype is done and outdated miners are going offline. Not to mention we just came off a huge 100%+ rally. Bunch of new retail bought in on the halvening hype. Time to cool off?
Halvening hype is done and outdated miners are going offline. Not to mention we just came off a huge 100%+ rally. Bunch of new retail bought in on the halvening hype. Time to cool off?
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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.