Short-term I’m seeing an inverse H&S being formed. Although, It’s unlikely that it will breakout from the downtrend, there still hasn’t been a V-shape or wick with buying pressure, and for that reason I’m not sold. I’m expecting more down pressure until real money can enter the market expected around 38-40k if that can hold.
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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.