BTC: Looking ahead-- possible 4h Inv head and shoulders
BTC movement has painted the left shoulder and head of an Inv head and shoulders on the 4hour charts. Upward movement from here (9/10/19) may paint the right shoulder. If that were the case, bullish break of the neckline w/ convincing volume would be a potential long signal.
otherwise, there's a lot of noise on the charts. it would be reasonable to wait until a bullish break of ~11k resistance and the longer term downtrend line for significant long entry.
otherwise, there's a lot of noise on the charts. it would be reasonable to wait until a bullish break of ~11k resistance and the longer term downtrend line for significant long entry.
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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.