head and shoulders failure - Smaller breakouts - Depleting Vol.
Head and shoulders failure, accompanied by lower volatility and smaller less aggressive breakouts leads me to believe that BTC is losing bullish power and will breakdown to a further support or experience a full reversal.
Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.
If major breakout does occur the target is 11.3k.
Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.
If major breakout does occur the target is 11.3k.
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