BitcoinShort
Bitcoin Head and Shoulders Retracement
Forgive the Sloppy lines, I am still learning.
It doesn't look like we have fully retraced from the long term head and shoulders pattern from our last run up. Price target at 11k to fill up bags
It also looks like we have a ways to go to reach the bottom of the green band in the puell multiple to signify a bottom as it did in the last two speculative markets.
related link: studio.glassnode.com/metrics?a=BTC&category=Market Indicators&m=indicators.PuellMultiple&zoom=all
It doesn't look like we have fully retraced from the long term head and shoulders pattern from our last run up. Price target at 11k to fill up bags
It also looks like we have a ways to go to reach the bottom of the green band in the puell multiple to signify a bottom as it did in the last two speculative markets.
related link: studio.glassnode.com/metrics?a=BTC&category=Market Indicators&m=indicators.PuellMultiple&zoom=all
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