BTCUSD, up to 19K ?
Lots to work with on BTC right now on the 4hr.
Measured move on the Head and Shoulders sets a target for close to 19k. Two strong resistance barriers right above current market value... need to beak past that to be able to focus on a higher target. On the other hand, price action is strong within an upwards channel and the High RSI levels and lagging Moving Average can set up a retrace to the bottom of the channel.
On the other hand, if Market can't slide past 16300 level we might be looking at a double top, although we believe it'll break the resistance levels slowly to allow for RSI to cool off and Mov Avg to catch up.
Measured move on the Head and Shoulders sets a target for close to 19k. Two strong resistance barriers right above current market value... need to beak past that to be able to focus on a higher target. On the other hand, price action is strong within an upwards channel and the High RSI levels and lagging Moving Average can set up a retrace to the bottom of the channel.
On the other hand, if Market can't slide past 16300 level we might be looking at a double top, although we believe it'll break the resistance levels slowly to allow for RSI to cool off and Mov Avg to catch up.
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