There are several ideas for a small bounce in Bitcoin price action. If price action does turn positive, I will be watching for a setup very similar to what is shown on chart.
I have demonstrated using a mirrored price action to create a Head and Shoulders pattern. While this would be a short-term bullish idea, it would be macro bearish idea as it would confirm a lower high on daily timeframes.
There are several ideas for a small bounce in Bitcoin price action. If price action does turn positive, I will be watching for a setup very similar to what is shown on chart.
I have demonstrated using a mirrored price action to create a Head and Shoulders pattern. While this would be a short-term bullish idea, it would be macro bearish idea as it would confirm a lower high on daily timeframes.