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DesharedPierreJr.

Bitcoin seeking re-test of Head & Shoulders after LOWERLOW

Short
Bitcoin (COINBASE:BTCUSD)  
DesharedPierreJr.  
COINBASE:BTCUSD   Bitcoin
Support and Resistance Trend Lines Multiple Time Frame Analysis bitcoinshort lowerlow downtrend 4hchart intradaytrade cryptocurrencytrader Forex btcusdshort bitcoinanalysis
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supportandresistance trendline mtfa bitcoinshort lowerlow downtrend 4hchart intradaytrade cryptocurrencytrader forex btcusdshort bitcoinanalysis
Bitcoin is seeking its Lower High on the intraday 4H chart after confirmed the break of a neckline from a Head and shoulders patters. Price is currently respecting structure. The Daily shooting star at the back of a retested trendline suggests that there is sell strength near the neckline of this patters. I will be monitoring the 1H for a the re-test however the volatility must show for this to be a valid sell. This bullish push is all apart of a weak momentum swing high.
This setup will appear the clearest on 4H and 1H. I will take entry on the 30 or 1H.
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