Why 14000 could be bearish for BTC
Updated
Head and shoulders, but on a sloping line.
If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork
You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant.
Each bounce within this fork is smaller and smaller.
A short opportunity may present at 14000.
I will update later
If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork
You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant.
Each bounce within this fork is smaller and smaller.
A short opportunity may present at 14000.
I will update later
Note
BTC was 12800 when I posted. Since we broke into the descending slope we could see USD 8000 BTC within a few days.Notice how the slopes are accurate even on the one the one minute chart
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