head and shoulders failure - Smaller breakouts - Depleting Vol.

22 ביוני 2020Head and shoulders failure, accompanied by lower volatility and smaller less aggressive breakouts leads me to believe that BTC is losing bullish power and will breakdown to a further support or experience a full reversal.

Another major signal, is the decrease in overall volume despite the rising trend. This is without a doubt, bearish.

If major breakout does occur the target is 11.3k.