#Bitcoin possible play-out. Inverse head and shoulder formation might happen and we may test a bit lower if we break 56k around 54k then straight to higher levels unless we enter Accumulation phase once again.
We are still in a bullish channel if you zoom out the charts. Relative Strength Index is nicely cooling off and at present is still pointing at a bit more correction from current levels.
Possible play-out with updated charts.
We are still in a bullish channel if you zoom out the charts. Relative Strength Index is nicely cooling off and at present is still pointing at a bit more correction from current levels.
Possible play-out with updated charts.
Note
Hoping to see this formation playout. ;)
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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.