cryptocowboy2030

BTC H/S a MEME? Or will we break up if we break neckline?

BINANCE:BTCUSDT   Bitcoin / TetherUS
H/S is one of the more higher probability patterns for charting and trading. Since this H/S bottom is on the 4 hr chart (and the daily) then we could see a break upwards.

With BTC , I have seen so many "obvious" patterns end up getting slammed down by fickle traders and market makers. However, the larger patterns on higher timeframes tend to be less susceptible to manipulation, so I am thinking there is a decent chance of going upward is we can break the neckline of this H/S bottom.

Here are a few resistance points which could offer a challenge to the bulls on the way upward IF we break upward.

Also, some of these structure based points do coincide with relevant fib levels as pertain to impulse leg breakouts from H/S.

***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
Check me out at http://www.thechartsnipers.com . Currently accepting new members
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out