BTC: Potential Inverse H&S on the Hourly
Potential inverse H&S on the Hourly on *Coinbase*. Neckline is at 5.600 psychological, but we have wicks up to 5.645 & 5.670. Attention: Must wait for confirmation (break of the neckline) with high volume, as with any patterns. Esp. Bitcoin has broken key support at 6.000: RSI has cooled down enough to make another leg down. If H&S confirmed, we could test the 5.800-6.000 break-out zone.
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Komen:
No follow through on inverse H&S, but a very narrow equilibrium zone now with 3 inside bars on the 4H, which will see a break coming:
