BTC Head & Shoulders 4h

28 באוג׳ 2021

Looks like a potential Head and Shoulders forming on the 4h

Stoch RSI high, MACD did cross Zero line but with weaken volume to previous pump.

Looking for a temporary pull back to 48300 to 48600 before continuing on the upward trend line to break 50000, retest 50000 then onward and upward :)

Lets see

28 באוג׳ 2021

הערה

So far so good, followed the right shoulder down into the range reaching 48520. Think we might see another dip into that zone before going up

29 באוג׳ 2021

הערה

There has been big resistance to 49665 over the last 4 hours. BTC needs to hold this support level at 48250 to complete to right shoulder before heading up.

Although it has also broken the 4hr support line with a nasty looking 4hr candle and buying volume decreasing which would suggest we go down further...