Please see attached chart. BTCUSD 1-4hr timeframe.
There could well be a possible H & S pattern that takes us from the neckline of around $104k down to the $99-101k buy-in zone.
This area also aligns with the 50% fib, charted from the recent swing low of $94,300 to swing ATH of $108,360
Max volume profile area also aligns at $101,000.
Longs opened at...
BTCUSD:
We've now properly broken out of the downwards descending channel on the daily.
To validate, we need to test the uppermost line from above and make it support, not resistance to validate this move.
Also, you'll see the RSI on the 4hr and 1hr for example (usually high to signal overbought and low for oversold conditions) stay really high, even whilst the...
