DrDovetail

4hr chart 50 & 200 EMAs currently at a stalemate.

COINBASE:BTCUSD   Bitcoin
Neutral until a confirmed break here however my assumption is we will see a inv h&s fakeout breakout taking us up to 11.1-11.2k and then dumping not long after to instigate the exponential 4hr death cross eventually bringing us down to the gap at 8.5k potentially. Just a thought...it could also very easily hit the full target of the inverse hea dand shoulders pattern as well or even never making back above the neckline. So for now I remain neutral.
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.