H&S Forming on the 4hr (BTCUSD)

19 août 2021

Hi Guys, H&S is forming on the 4 hour timeframe and the peak coincided with declining RSI from the previous wave. I believe BTC will rise to 47K region on this wave and a larger and much needed correction will ensue. The tree may shake and those buying ADA and Dogecoin will realise they bought a handful of fruit. lol :) BTC will then power on from a retest of the 42-43K region. Of course, just the opinion of a retail trader. Cheers.