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The head and shoulders as a signal of a bull to bear trend reversal seems odd when the asset has had to lose 50% of the peak price to complete the pattern. Does this signal a long bear trend for BTC? The 'head' peak is significantly higher than the shoulders, is it possible that this in anyway invalidates the structure?
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Hidden bearish divergence is showing on the daily chart for BTC when looking at the MACD signaling a continuation of the downward trend. The RSI doesn't show the same divergence. BTC is still in an overall bull trend, so it might not hold.
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Hidden bullish divergence developing in the RSI on BTCUSD daily. This suggests a continuation to the overall bullish BTC trend.
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