H1 chart comfirms the breakdown. Horizontal line on previous ath weekly close seem to be turning out as a resistance on h1. Have around 2 and half hours to recover. If not we go south and alts goes underground 😉. As such, though many say btc can remain over brought for long on oscillators, I personally disagree.
Bitcoin seem to be forming a potential inverted head and shoulder pattern. Watch for buy at a low of right shoulder if it bounces. Breaks the shoulder will invalidate the iH&S. So far it looks like it but the pattern can be morphed at any time.
Seem like breaking the falling trendline. The trend to me is broken with confirmation. Now watching if btc stabalise or moves up to push this one up. Not otherwise. This is Pump and dump kind of coin. Shoots up 30%
I don't understand why? It's been a decade and everything crypto falls if bitcoin falls. Imo people should buy alts when btc falls and when btc is about to rise, should move out of alts and buy bitcoin. You get better value in dollars. Wright wrong may be?? Comments appreciated.
2 months since 21st of may, this is stuck in a decending channel. A clear channel is seen on a H4 line chart. Just above it, there is a 0.5 din resistance and above it 50dema resistance on daily. Yesterday's closing candle on daily did breakout of the channel but with a low vloume. Should have been with good vol.
Let's see if this breaks all of them and move up...