Nice analysis, and yeah I agree, BTC should retrace back to 9000 since its been going through a head and shoulders pattern. A pullback like that would be healthy though, unlike the hype train we had back in December! Followed you since I just did a BTC TA update as well today!
RE: Bitcoin rebounds off the EMA 50
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Bitcoin rebounds off the EMA 50
Unfortunately, that EMA 50 did break down. But you're right and I see that inverse head and shoulders as well, which if it holds to form, we'll reverse around $9500 range and head up to the top of the downtrend channel for another retest. But I have a feeling we may go lower after all because the sentiment has changed overnight from bullish to bearish across the board, judging by what I've seen so far this morning.
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