BTC Consolidating
After the news, BTC hit new highs.
Here we can see how the BTC is consolidating in 1H chart, after a pike without volume, we hope to see a lower right shoulder; which could be very posible as the market is getting overextended.(As we can see with the 20-50-200 SMA's).
That would be the most probable thing that could happen. But if the right shoulder happens to be higher than the head, we will likely see a last high large green candle, breaking the new high and then a pullback to the head or to the shoulder line or a downward trend.
After all, it is obvious that we all should get involved in cryptos this year.
Have an amazing day!!
Here we can see how the BTC is consolidating in 1H chart, after a pike without volume, we hope to see a lower right shoulder; which could be very posible as the market is getting overextended.(As we can see with the 20-50-200 SMA's).
That would be the most probable thing that could happen. But if the right shoulder happens to be higher than the head, we will likely see a last high large green candle, breaking the new high and then a pullback to the head or to the shoulder line or a downward trend.
After all, it is obvious that we all should get involved in cryptos this year.
Have an amazing day!!
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