BTCUSDT A Head & Shoulders to built

firmestudio Updated   
OKX:BTCUSDT   Bitcoin/Tether
BTCUSDT have a Head & Shoulders pattern to built in a Zig Zag downward, in which a wave 1 can be expected for an 2-D swing trade as a breakdown from the micro symmetrical triangle is expected. Thereby, a new supply target will expecting for a reaction. This will be an increase of confidence for the sell-side. Displayed on this H4 chart: daily LSMA (least squares moving average) resistance plus AVWAP (anchored volume weighted average) from peak of wave (ii) of this ending diagonal (as showed on my actual cyclical wave analysis). Technicals: serious divergences on Commodity Channel Index and Chaikin Money Flow suggesting a condition to a dip soon. Overbought condition.
Trade active:


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.