Head and shoulders failure, accompanied by lower volatility and smaller less aggressive breakouts leads me to believe that BTC is losing bullish power and will breakdown to a further support or experience a full reversal.
Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.
If major breakout does occur the target is 11.3k.
Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.
If major breakout does occur the target is 11.3k.
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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.