BTC pump or trap?

15 thg 12, 2021

On my last analysis I predicted BTC to $42,000. it fell down into the channel and then seem to reverse. If you look closely. An head shoulder pattern formed recently, its an ugly one and not particularly textboo definition, but H&S regardless. I do not regard this pump out of the channel a bullish reversal until we close above the right shoulder. Only that will invalidate the downtrend (by forming an Higher high) and the ugly H&S shoulder as well, till then though I leave my mind open and free from prejudice, I lean towards the bears and call this a trap.