iH&S BTCUSD daily chart - Time to go Long
Not drawn too well but you get the idea, 4 shoulders 1 head - a Monstor
It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?).
I would expect a lower high relative to $8500 however to form an equilibrium pattern that will last for the rest of the year (similar to 2015).
It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?).
I would expect a lower high relative to $8500 however to form an equilibrium pattern that will last for the rest of the year (similar to 2015).
Note
The $6425 blue line is our low from Feb 2018. It forms the neckline of this pattern more or less. As there's not a defined entry level I have been accumulating in this region and will exit on a loss of 4HR higher low at ~$6375 and ~$6300.Note the bullish divergence on the RSI between 8th-14th Aug.
4HR tightening equilibrium currently playing out. You know what to do.
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