Long
H&S vs IH&S
Updated
The last days were very exciting, for now, I think we could see a correction. First I think we will see a small H&S (750/760), after that we will see an IH&S and we will go up!! (920/950)
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It looks likes, the H&S is confirmed, now let's see what happens next hours and days!
For now, 774 is a support, it must hold 750, below 750 I think we will see a drop to 700 or maybe lower.
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So far so good, let's see if the bulls can push it through the trendline, most likely we will now see sideway moves, with some up en down waves!Note
I think, that we could see some more action between now and 20/24 hrs.The most important things are now when it drops more, the 740 is a very important support, below the 740 I am pretty sure that we will go down.
If the bulls can push it through 800 and it will stay above 800, then we will go up the next days. For now, bitcoin cash follows the trendline and that could mean a bull flag.
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This breakout is a good one, with some volume, alts are a life!! Hopefully, this isn't a trap and the gonna dump it again, for now, it looks good and maybe we will see another breakout the next few hours!818/820 is a support for now, a good sign of life is when they push it through 840/850 and stays there for a while!
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possibility!!!
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4H still some space for a new IHS
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Two scenarios 60% up, 40 % down.......after the weekend, most likely sideways the next 36/48 hrs...
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It looks like the 40% is the winner, it broke 0.5 hopefully we will see a bounce. If it can't hold 0.618, below this level we could see a drop to 700 dollars.Note
Alts are weak, BTC is forming an H&S in my opinion.......no good feeling!For now, I think we are going down, but it is crypto and it could be surprising every time!
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