#BTC Possibilities #Bitcoin Reversal?
How about this:
1. Volume profile shows a gap where BTC has room to play around for a bit. 2 weeks exists between current price and the edge of the red cloud formation.
2. McDouble shows fast MACD approaching the zero line cross
3. Cloud resistance is a ways above price currently and sits around the 50% Fib level plotted from all time low to all time high
4. Possible head and shoulder coming? This is a stretch, but lets see if it plays out. If so it will be a strong reversal sign.
Note - I like how the spike in volume occurred at the direction change.
1. Volume profile shows a gap where BTC has room to play around for a bit. 2 weeks exists between current price and the edge of the red cloud formation.
2. McDouble shows fast MACD approaching the zero line cross
3. Cloud resistance is a ways above price currently and sits around the 50% Fib level plotted from all time low to all time high
4. Possible head and shoulder coming? This is a stretch, but lets see if it plays out. If so it will be a strong reversal sign.
Note - I like how the spike in volume occurred at the direction change.
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