It seems like BTC is going for an inverse Head&Shoulders pattern. Added to that we are seeing a bullish divergence when we check the MACD indicator.
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As expected BTC is going down, I am waiting for a confirmation and not trading at the moment because there is also another Head&Shoulders pattern in this chart and we can't be sure which one will be the right way.
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BTC is heading for the big resistance line after almost a perfect bounce to form my predicted inverse Head&Shoulders pattern. We just need to watch if it will breakout or bounce from the resistance line to go back down and make this Head&Shoulders invalid. I am not trading at the moment as I said before.
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