Bitcoin trying to break the downtrend...
Bitcoin about to get bullish again?
I wouldn't call this an Inverse Head and Shoulder Pattern, but a break of the downtrend is bullish never the less.
Check this out:
(Source: https://twitter.com/rovercrc/status/1510645225722716177/photo/1)
So far we are right around that line and I am not sure we have really broken it yet, it all depends on how you draw your lines.
The lines above are drawn pretty aggressively.
If we can break this line we should have a nice move higher, one that probably challenges $51k or even $53k.
This already failed.
every bounce fails
every time
bitcoin bounces, then dies
the pain is awful
looks lower before higher
trend lower continues
held 42k, then 40k, now under that
keeps drifting lower
Now 1 BTC= $46944.88, also it in a bullish trend.