BTCUSD H&S

14 Haz 2019

It looks like a H&S pattern is likely to form. A long term trend line is forming resistance at the top of the right shoulder. It also appears that we may be forming a rising wedge with decreasing volume. Hopefully, the H&S never completes, but I'll have a reserve of dry powder waiting at supports all the way down to $6900 jic.

This is definitely not trading advice, as I am not an expert. Constructive feedback is welcome. Sorry about the cluttered chart!

14 Haz 2019

Not

We'll, we blew through that resistance! So that invalidates this whole idea, and the long-term support will hopefully act as support once more.