Edgy_
Short

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:


If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)

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.

Comments

Ooops! :0)
Reply
lol, great analysis buddy- I actually pointed to this too in my post earlier
Reply
Edgy_ jeremy.jacques79
@jeremy.jacques79, awesome!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out