Above BTC is from Bitfinex considering highest volume.
Currently watching to see if it completes the H&S pattern
Neckline is the 4hr 200 SMA
If it does break it should go down to 7.7 k
Also the 4hr shows the 100 SMA (blue) under the 200 SMA (orange). If the 100 SMA goes above the 200 then maybe H&S won't complete. Will have to see
The vertical orange line is BTC futures renewal. It shows 18:00 as I'm GMT+2
Currently watching to see if it completes the H&S pattern
Neckline is the 4hr 200 SMA
If it does break it should go down to 7.7 k
Also the 4hr shows the 100 SMA (blue) under the 200 SMA (orange). If the 100 SMA goes above the 200 then maybe H&S won't complete. Will have to see
The vertical orange line is BTC futures renewal. It shows 18:00 as I'm GMT+2
Commentaire:
Failed to complete the pattern.