Hi friends!
BTC has formed an inverse head and shoulders on the hourly chart. A decisive breakout above the neckline and the 50 EMA could catapult the price to $ 5100 levels for a short term bounce.
However, I remain mid-term bearish, as the trading volume we have seen during the previous days was not sufficient for a end-of-bear-market reversal.
Cheers!
-Znarfomat-
BTC has formed an inverse head and shoulders on the hourly chart. A decisive breakout above the neckline and the 50 EMA could catapult the price to $ 5100 levels for a short term bounce.
However, I remain mid-term bearish, as the trading volume we have seen during the previous days was not sufficient for a end-of-bear-market reversal.
Cheers!
-Znarfomat-