Potential BTC H&S forming in correspondence with FOMC meeting... Potential 15K target
Break below neckline (@ approx. 19K) with confirmation will put target price @ approximately 15K. RSI rejected @ resistance and turned downward MACD shows loss of momentum to the upside SRSI turned down @ 100
Invalidation: Break of 22K with confirmation would complete "W" pattern with target to approximately 26K
Market/Macro Conditions:
Market BTC still in Bear Flag and ranging between 22.4K-18.8K with 200 acting as resistance. Trend is still DOWN Volume is Low = easy manipulation BTC Fear and Greed in Extreme Fear (24) but higher then previous Many Crypto Twitter and YouTuber's calling that the "Bottom is in" ETC...
Macro FOMC dictating market moves Inflation High GDP down War Interest rates rising Recession Supply Chain Issues ETC...
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