BTCUSD - 4hr Outlook

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hi Traders,

Although i don't actively trade BTCUSD i have received a large number of messages asking for my insight on the next move.
I hope the brief analysis above gives a better indication of where i am looking at a break short term.

Have a great end to the week.

Tom Hall
What do you see happening post Segwit2X fork in November. Would you recommend fresh long position at tips before the fork? And on a side note, if you allow me. I wanted your opinion on something. I wanted to diversify my position in altcoins and was searching for some Cyber Security related ICO with a working product and current use cases. Should I participate in this ICO. There are the only CyberSecurity ICO backed up by an actual solution and customer base. Check their video and here’s their token sale page . Yes or No?
Funfact: The Cyber Security market is slated to breach the $1 Trillion mark in 2021.
+2 Balas
TomHall screenager
@screenager, Hi,

Please note i don't actively trade crypto's so it's most likely i'm not as informed as yourself.
Coin1337 screenager
@screenager, according to their website there is still 1.5 days for the presale to start and there's a period of 12 days to be amongst the first investors to seize the 50% bonus opportunity. not making an investment advice here, but I'm following it and considering to take part in it, their buy back programme has convinced me to do so.
richpark26 screenager
@screenager, I've checked their website and found they really did well in cyber security field. they said they have over 100 solutions to protect the data security which makes me really satisfied. I think tomorrow I will buy some to get the bonus
ICOgladiator screenager
@screenager, do they have a pre-sale?
Very nice chart, agree the trend is forming a nice H&S topping pattern!
cjezza goldbug1
@goldbug1, are you cashing out for the dump or putting into alts?
TomHall goldbug1
@goldbug1, Thanks very much, i will be looking deeper into this pair over the next couple of days :-)
Have a great weekend.
The head and shoulders pattern requires a flat neckline. I think the third peak should be more in the neighborhood of an extension of a trend defined by the tops of the two previous waves before correcting. Also, on the correction, I think it going all the way down to major support is probably the most dire prognosis.
@tchat, A perfect H&S should be flat but markets unfortunately are never perfect.
As always i respect other peoples views.
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