FTMUSD ahead and shoulders forming

٢٤ يناير ٢٠٢٢

BTCUSD is printing a large double top. In response, FTMUSD is forming a bearish head and shoulders. Now, traditionally many traders used to say don’t trust an HS if the support line is off X axis. Either way, it’s testing this support trend line for the third time. BTC would need a rally to turn us around I fear. On chain indicators show some room left to go lower.