BTCUSD: Mirror H&S on 4H? Short term levels to consider.

Bitcoin broke the previous 4H Channel Up (RSI = 36.305, Highs/Lows = -205.2946, B/BP = -144.1082), entering into the neutral territory of 1D (RSI = 46.173, ADX = 19.341, CCI = -25.5607). So far the price action on 4H is building up a mirror candle sequence, giving grounds to the development of a Head and Shoulders pattern. This indicates that on a short term horizon the price can trade between 3,770 and 4,000 before seeking a new pattern. Again, this is only a short term frame work so manage your tolerance levels accordingly.



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