Mature financial markets would most likely retest a major head and shoulders neckline for losing long positions to get out in a clear and prompt manner.

With this line for being around 50K, this scenario seems distant.

BTC/USD Daily Chart

BTC/USD Daily Chart

Original Post

Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading advice. The blog material has no regard to the specific investment objectives, financial situation, or particular needs of any viewer. I bear no responsibility for any actions taken or not taken by third parties after reading the blog! You are advised to consult with a qualified professional before making any investment decisions. I may have an interest and may make purchases or sales in the securities referred to in the blog. Please ask for my consent before re-publishing blog content.





Source link

×