Will bitcoin continue down after making this major head and shoulders reversal at $42k. price has since retraced from the new 30k level to reach the 0.5 fib and almost the 0.618 fib and appears to have rejected going above 36.5k despite the dollar remaining pretty constant this week. so be interesting to see if more bearish pressure can push price below the ema 89
Kommentera:
could also be a pullback to go long, watch price action, if dollar falls
Kommentera:
if you check the bounce from 30k to 36k we also have 0.618 pullback, i wouldnt bet on the head and shoulders, look to go long under the 4h pinbar