A 4hr H&S inside a Daily Inverted H&S #Inception
BTC Update
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (coindesk.com/the-eus-biggest-etf-firm-expands-into-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (coindesk.com/the-eus-biggest-etf-firm-expands-into-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
Not
Looks like that H&S didn't play out as I had thought. Wow lol
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.