Bitcoin / TetherUSShort
BTC - Bullish Bat or Bullish Crab?
Although there is no doubt in bullishness of BTC, however, recently it has made a Head and Shoulder on RSI which broke down, which may be taken a first victory of bears. The current price action suggests upper hand of bears in which BTC may slide down further. However, Fib retracements and current high suggest that good time for bull may come again after completion of a possible Bullish Bat or Bullish crab patterns as shown above.
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.