BTCUSDT 4h. Rsi divergence and a inverse H&S
#BTCUSDT 4h.
one thing I've noticed is that btc doesn't care the rule of where should an H&S form and if it's valid or not. it will work out certainly leaving you fool 85% of the times. if you can recognize it on time you can have the real advantage.
Reason and Confluences:
1. Bullish Rsi divergence.
2. There's inverse H&S **BUT it still not confirmed.
3. Following daily time frame, there's a bull pennant ready to break upside.
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#TradingView
one thing I've noticed is that btc doesn't care the rule of where should an H&S form and if it's valid or not. it will work out certainly leaving you fool 85% of the times. if you can recognize it on time you can have the real advantage.
Reason and Confluences:
1. Bullish Rsi divergence.
2. There's inverse H&S **BUT it still not confirmed.
3. Following daily time frame, there's a bull pennant ready to break upside.
@twitter-in
#TradingView
Comment:
This one H&S hve failed so badly without any respect. price did consolidated long time and unfortunatly it able to hold and move up it just crashed all the way to down.
