We have met the neck line and have been edging away from it for the last4 hours. If we an close 1 hour candle above the green line we can carry onwards to resistance - Support row at 36700-38400.
If we break the red line then its down to 27000, then possibly 23000.
Looking at this, it seems to me, that this H&S should end up in next 4h and give us some hints on moving on
SIGPokerKing
⋅
It's difficult for most people to trade BTC actively 24 hours day. Defining BTC patterns using a 1 hour chart is great, but its use is very limited unless you're using an algo to trade your positions.
Stewpercharged
⋅
@theworldinscents, Should probably just correct that too "Trading is difficult" I am using 4 hour candles to show trends confirmed one hour candles outside the trend line to show a break.
Algo went crazy yesterday.
What's your strategy / position at the moment?
Stewpercharged
⋅
The next candle could be the one indicating if we are going up or not. Test the neck line at 36800.