It looks like a top to me, if we just want to hold to hardcore TA sort of rules. Hard to make that statement given cryptos' past history, so I won't.
But yeah...
Users: sandunes: slopechart_$BTC.jpg
slopechart_$BTC.jpg
The Daily Blip
Everybody slinging the 200 MA around this weekend, and for good reason. Here is another take.
My recent efforts to conjure up some kind of useful channel as years long momentum (appears) to flatten out a bit yielded this thing.
Maybe Monday when other markets open this thing does the rock-Aye-ta shot-Aye-ta.
Looks beary to me for now. I'll change my mind when my latest knucklehead trendline gets vaporized.
HAPPY SUNDAY!
I'd normally like to say it's an IHS continuation pattern, but it really isn't, and in any case it failed shortly afterwards.
IDK, maybe it's just a messy top and I'm trying to read too much into it. 2 weeks 5 days ago