BTCUSD is clearly in a squeeze. Volatility is diminishing. Ups and downs are limited by the S/R lines creating a falling wedge.
I would like to see a bit of a downside move towards $9000, where 200SMA is. a potential bounce off that area would create the right shoulder int he theoretical H&S pattern.
A breakout above $12000 would then confirm the pattern.
I would like to see a bit of a downside move towards $9000, where 200SMA is. a potential bounce off that area would create the right shoulder int he theoretical H&S pattern.
A breakout above $12000 would then confirm the pattern.