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Rinseout

Bitcoin; BTCUSD Head and Shoulders Top Now !BITCOIN: BTCUSD This thing moves like lightning. Shifting shapes: Head and Shoulder Top Still don't think this has finished its rinse out yet. Evenn more worrying, after dealing with the failed reverse HandS this morning there looks like there's a massive head and shoulders TOP formation appearing on the chart...stay away for now unless short...it's still ina weak technicalposition whilst anable to get back above resistance (old support) at 7080 right through to 7135 (more old support) and whilst below here that Head and shoulders will grow in importance and power...and an implied downside target at 6563. Stay away from the cookie jar until we see the dust settle.
BITSTAMP:BTCUSDShort
by sumastardon
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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