BTCUSDT `` THROWBACK
BTC has been soaring from it's inverse head & shoulder (more obvious on M5)
Presently, it seems to show signs of bearish move (correction, not impulse)
IF this happens,
xxx price should throwback to the neckline of inverse H&S, or the edge of it's channel (HTF ascending channel)
xxx this will be quick, and notable (in price, character of descent, and wave of panic)
xxx a hidden bullish divergence will form
xxx another opportunity to BUY should present (I'll look for one)
ps.
Of course, I'm still bullish on this. Have been since 33k, and looking forward to 440/41K
Presently, it seems to show signs of bearish move (correction, not impulse)
IF this happens,
xxx price should throwback to the neckline of inverse H&S, or the edge of it's channel (HTF ascending channel)
xxx this will be quick, and notable (in price, character of descent, and wave of panic)
xxx a hidden bullish divergence will form
xxx another opportunity to BUY should present (I'll look for one)
ps.
Of course, I'm still bullish on this. Have been since 33k, and looking forward to 440/41K
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