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BTCUSD - Crucial Hours

By bonesca
Updated
RSI is about to tap 60 which will likely be resistance and BTC is about to hit the top of the most recent trend channel (yellow) which is also resistance. Just beyond the trend channel is the inverse head and shoulders neckline. So close, but so far.

Just watching and waiting, can't move until a breakthrough is confirmed.
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Get the popcorn? Daily Interval shows MACD Cross and RSI against recent resistance.

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On the 15 minute Interval, it kissed the neckline.
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Pattern complete, will it hold up? Waiting for confirmation in the form of a 4 hour candle closing out above the neckline.

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BTCUSDChart PatternscoinbaseTrend Analysis

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