I just published an idea that confirmed a H&S formation and have retested the neckline as support.
On the other hand.. IF (big if) we cross the red downtrend line we will have broken back over neckline of the bigger H&S (that takes us down) and formed an inverse H&S that should take us higher. Or at least slow or descent.
Won't be easy to cross those lines...
Low on 9/15/17 and 2/6/18 make the neckline of this gigantic H&S. We penetrated the neckline on 3/28 and have just recently tested it as resistance.
Watching to see if we can break above this neckline and break the red downtrend line that has been proven to be very strong resistance. This would be very bullish.
Bitcoin has just stopped its rally at the previously formed downtrend resistance line. No volume shown besides the one 4hr volume bar from the rally plus this downtrend line has been stable resistance for months now. With a market as weak as it has been for some time now, I don't see it pushing through without another short squeeze or something...