Spot & Futures are forming an Inverse Head & Shoulder pattern
Spot
BTC
shows a beautiful, forming an almost perfect, inverse head & shoulder pattern.
This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity.
However, IMO don't think #BTC will form it completely.
Why?
IMO unless something crazy happens don't see #bitcoin going sub $40k or even $50k.
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Futures
BTC
is also forming the Inverse Head & Shoulder pattern.
Spot & Futures are holding the GREEN moving avg line.
#Bitcoin is still within the 3-6 month consolidation phase but it is getting close to resolving it.
Small dotted lines are SMALL trends inside the #BTC LARGE trend.
BTC
shows a beautiful, forming an almost perfect, inverse head & shoulder pattern. This pattern is best for determining bottoms but it can also work at other time periods, but not with the same validity.
However, IMO don't think #BTC will form it completely.
Why?
IMO unless something crazy happens don't see #bitcoin going sub $40k or even $50k.
-----------------------------------
Futures
BTC
is also forming the Inverse Head & Shoulder pattern. Spot & Futures are holding the GREEN moving avg line.
#Bitcoin is still within the 3-6 month consolidation phase but it is getting close to resolving it.
Small dotted lines are SMALL trends inside the #BTC LARGE trend.