iH&S BTCUSD daily chart - Time to go Long

Not drawn too well but you get the idea, 4 shoulders 1 head - a Monstor

It's been wicky down here and the large volume in the middle relative the shoulders and to the prior bear trend show's lot of buying and selling - Wyckoff accummulation/distribution (wicky, wyckoff, wicks are facing off haha gedit?).

I would expect a lower high relative to $8500 however to form an equilibrium pattern that will last for the rest of the year (similar to 2015).

评论:

The $6425 blue line is our low from Feb 2018. It forms the neckline of this pattern more or less. As there's not a defined entry level I have been accumulating in this region and will exit on a loss of 4HR higher low at ~$6375 and ~$6300.

Note the bullish divergence on the RSI between 8th-14th Aug.

4HR tightening equilibrium currently playing out. You know what to do.