BTC: Head & Shoulders on 4H!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello dear crypto friends, we have a nice potential for a trend reversal with BTC , if we see confirmation on the H&S that has shaped up.

RSI is a good confirmation in this case, since we're on a Divergence here:

If the bulls manage to hold the range, we have a clear Equilibrium between 8,9 and 9,4, and can break in either direction from there:

Should we lose 4H higher Low/uptrend, we would look for health consolidation on the Daily chart , as the last higher Lows have been quite some while ago:

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Edgy is providing trading metrics & online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.


Ooops! :0)
lol, great analysis buddy- I actually pointed to this too in my post earlier
Edgy_ jeremy.jacques79
@jeremy.jacques79, awesome!
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