The crypto-market was building another bearish break-out level with the head and shoulders' pattern till 28th august.
Post that it built a bullish momentum as alts and Bitcoin started to gain momentum. However, currently, it is testing the break-out of that level. The RSI has also turned steeply.
Contrary to popular belief, it feels like the bearish momentum will take on again for a while.
Komentar
⋅
Todays' close and tomorrow's close should define the ascending pattern more clearly.