Small long here, 6h candle closed nicely with a huge wick. Larger timeframes don't look great but bitcoin likes to surprise us to close out the week. For now I'm still bullish till I see the $390-$400 range taken out on the 1-day or higher. Going to assume we are simply getting the second scenario on my previous chart until that happens.
Note
Possible inverse H+S forming on the 1 hr...gotta get above the black trendline/neckline for confirmation, if not and we fall below my stop it's prob bad news bears.Note
1 hr broke out above the neckline, now we actually have an even bigger potential H+S on the 4h: tradingview.com/v/1jKpsT12/Note
4hr just broke the neckline on this bigger H+S...looking good.Trade closed manually
As per my last update, took profits at 411 to be safe.Related publications
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.