TomHall
Short

Hall and Co Trading - Wednesday, 14 August 2019

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Symbol: Bitcoin [ BTC .USD ]
Timeframe: Monthly, Weekly, Daily, and 4-hour
Predicted Direction: Short
Structure Levels: $11,500 Resistance, $7,500 Support
I agree with all of it, gotta look at all the time frames to get the real picture
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nice1 Tom
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TomHall Skender10
@Skender10, No problem at all, have a great day.
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Thank you for your post
Namaste
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TomHall Cryptobetandwin
@Cryptobetandwin, It's my pleasure, thanks for the message.
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Nice TA. Shame the mic is low quality. With regards to BTCUSD, I see a huge H&S pattern forming. Are you able to spot this and confirm also? This pattern is also forming on LTCUSD and LTC has been known to be a leading indicator for the price action in BTC. LTC has developed a H&S pattern more with a more complete right shoulder, with BTC's right shoulder starting to form now. Please express your thoughts on this. Regards.
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TomHall jayanvarsani94
@jayanvarsani94, You're right, I've noticed on certain devices the audio sounds muffled.
Is the H&S formation you're referring to on the daily TF? If so, it's certainly visible but I believe requires additional development.
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Finally a cold blood trader! Nice objective view imo
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TomHall ClementSand