Time for action 📉
BTCUSD 1H
- H&S with confirmations
- Volume descending trend matured
- MTF Volatility stop bearish break after long consolidation
Expecting volatility in the next hours, with direction to the downside.
- H&S with confirmations
- Volume descending trend matured
- MTF Volatility stop bearish break after long consolidation
Expecting volatility in the next hours, with direction to the downside.
Note
You can see volume increasing while the price is goin down. 15.4k is only a temporary support. I expect PA to push further down.
Note
PA retesting previous pivots in yellow.Volume had a descending trend during price pump, but the pump may not be finished,until a breakout.
At most price will peak to 17k~17.5k to trap longs and then dump to new lows. Maybe PA will also retest trend line in red.
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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.