This H&S leads to 19000$
Updated
Traders,
Here we have BTC/USDT 4H chart.
What we have here:
1-Bear trend from the all time high can be broken at 10600 closed candle.
2-Bear trend from 11700 formed a few days ago.
3-Three H&S Pattern probabilities yes ! 3 and I published an idea for them below:
4-The closest scenario here and my humble vision this H&S which has hight from head to line around 80% this means it can lead us to the 19000 region again.
5-Macd and RSI are telling us that we have cross coming for MACD and breaking RSI 50 is possible next few hours.
6-EMA 200,100,12 Will cross each-other if we have bull move.
7-Enjoy trading
Regards,
Mohsen
Here we have BTC/USDT 4H chart.
What we have here:
1-Bear trend from the all time high can be broken at 10600 closed candle.
2-Bear trend from 11700 formed a few days ago.
3-Three H&S Pattern probabilities yes ! 3 and I published an idea for them below:
4-The closest scenario here and my humble vision this H&S which has hight from head to line around 80% this means it can lead us to the 19000 region again.
5-Macd and RSI are telling us that we have cross coming for MACD and breaking RSI 50 is possible next few hours.
6-EMA 200,100,12 Will cross each-other if we have bull move.
7-Enjoy trading
Regards,
Mohsen
Note
Breaking the 1st smallest one let's see 10500 to break the main bear trend next hours.
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Stable above the bear trend will confirm the breaking and we will see bitcoin bull trend for sometimes ...Enjoy Trading Guys
Regards,
Mohsen
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Twitter: twitter.com/MoTradr
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