*** Disclaimer - I'm relatively new to TA ***
I've been seeing a head and shoulder play out. On top of this, there's an ascending wedge playing out within that formation. Stochastics showing a bearish cross. There's also a lot of bearish divergence in the RSI. I think we're going to hit support around the $20,000 psychological level before we bounce back up. This could be a good opportunity to short. What do you guys think?
I've been seeing a head and shoulder play out. On top of this, there's an ascending wedge playing out within that formation. Stochastics showing a bearish cross. There's also a lot of bearish divergence in the RSI. I think we're going to hit support around the $20,000 psychological level before we bounce back up. This could be a good opportunity to short. What do you guys think?