A 4hr H&S inside a Daily Inverted H&S #Inception
BTC Update
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (www.coindesk.com/the...nto-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (www.coindesk.com/the...nto-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
Commentaire:
Looks like that H&S didn't play out as I had thought. Wow lol