A small short-term cup and handle
I'm overall bearish but this might be the move that would take BTC to the upper bound of the bearish symmetrical triangle which I shared before.
There will be many people who'll short it there so even bears are waiting for BTC to test the upper bound. Maybe it would form another head and shoulders there, just like it did recently.
There will be many people who'll short it there so even bears are waiting for BTC to test the upper bound. Maybe it would form another head and shoulders there, just like it did recently.
Note
I drew the handle too large, but the pattern is still valid.Note
Nevermind, it worked perfectly :)
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