BTC for the past six hours hours has been flirting with the 50EMA on the 1H chart while also delicately hovering above the 200EMA on the 1H.
Breakout above the 1H 50EMA might lead to another test of the top of the down channel before either bullishly breaking out or submitting to bearish impulses.
thoughts / inputs?
I've drawn on my chart two primary structures - the long-term ascending channel (dating back to 03/25/17) and the shorter term descending channel (from 12/16/17).
We've already fallen out of the short-term descending channel in February but touched the longer-term ascending channel and bounced off it neatly.
Based on the development of these micro- and...
Looks like the potential for the formation of a H&S here on the 4H chart. Proposing a touch around 10.3 - 10.4 followed by a retest of the top of the downchannel (LOG scale) and back down. Targeting around 9900 - 10.1k.