Head and shoulders pattern with retests of major trend line . This happened multiple times recently on Bitcoin daily-weekly showing distribution which I would post as an example but I can’t on mobile.
Apologies on the complicated drawing but the test of the major trend line are the key points. Almost every time I’ve seen this distributive pattern in results in a bearish move like it is taught.
$BTC Short-Term Struggle Bitcoin / U.S. dollar BITSTAMP:BTCUSD Gxvn Despite $BTC breaking to the upside recently, Bitcoin has not only retraced, but has begun breaking key support levels within the OBV oscillator. OBV beginning to […]
March 4 BTCUSD Bybit Chart Analysis BTCUSD Perpetual Contract BYBIT:BTCUSD BitCoinGuide Hello. “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. If you “follow” press, Only 30 Min chart […]
Bullish Algo! Algorand / TetherUS BINANCE:ALGOUSDT Lion247 Algorand may a nice rounded bottom breaking resistance; opened a LONG position with a X30 leverage and a stoploss below the red line.