BTC Bulls Looking for an Inverse H&S
Bulls have seen a very nice bounce from an oversold climax on the 4 hour chart.
We are still in a 4 hour downtrend and with declining volume the bulls are losing some momentum.
I believe in order to change the trend it will have to be an inverse head and shoulders.
Remember if the 4 hour trend changes, we zoom out to the daily and look for a lower high on that time frame.
Bears are looking to enter at EMA resistance for the 4 hour lower high.
I personally had a solid BTC bid at $7,411 which missed by about $16.
While it is a bummer, I lost $0 and I just sit back and wait for the next trade opportunity.
Remember, there is ALWAYS another trade out there in one market or another.
We are still in a 4 hour downtrend and with declining volume the bulls are losing some momentum.
I believe in order to change the trend it will have to be an inverse head and shoulders.
Remember if the 4 hour trend changes, we zoom out to the daily and look for a lower high on that time frame.
Bears are looking to enter at EMA resistance for the 4 hour lower high.
I personally had a solid BTC bid at $7,411 which missed by about $16.
While it is a bummer, I lost $0 and I just sit back and wait for the next trade opportunity.
Remember, there is ALWAYS another trade out there in one market or another.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.