Bitcoin has built a bearish mega head and shoulders (drawn in blue in the chart).
Near the right shoulder, at the May 19 low, there were very high volumes (indicated by the red hand in the chart).
This is a clue that a MEGA bear trap may be underway. It will be the next few days that will tell us the truth. Watch for Monday, June 29. By that time we should know if this is a bear trap or not.
Near the right shoulder, at the May 19 low, there were very high volumes (indicated by the red hand in the chart).
This is a clue that a MEGA bear trap may be underway. It will be the next few days that will tell us the truth. Watch for Monday, June 29. By that time we should know if this is a bear trap or not.
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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.