Long

Updated

BTCUSD: this is not a completion of a H+S

When compared to the earlier h&s from A.T.H. at $5000 USD, we can see that there is no bearish divergence that would suggest a strong downwards movement towards the mean.

The left shoulders and heads, when compared to both trends, both tell a completely different story when comparing them to their oscillators.

This is a bear trap.

Note

a couple patterns at play here: the Diamond bottom and the Bump n Run

snapshot

Note

this is looking more and more like a bear trap. upwards trend from 3k is intact.

snapshot

Note

Please, have a look to my other idea, LONG: ETHUSD

ETHUSD: This is the next leg up

Note

snapshot

Note

The final solution. the pull back to the bounce off off the top of the downwards TL:

snapshot

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.