BTC - H4 - HEAD AND SHOULDER IN PROGRESS !!!
H4 : A potential Head and Shoulder is in progress !
Currently traded around the tactical uptrend line sup & res.
Watch the following levels over the coming hours :
1) Uptrend resistance line
2) Tactical uptrend line
Breakout of one of those 2 levels will give the direction.
BULLISH :
Breakout of the tactical uptrend, confirmed by a second breakout
of the uptrend resistance line would open the door for higher level
and would invalidate the potential H & S formation in progress.
BEARISH :
Below the tactical uptrend, minor support to look at is the blue
support line, then TS (@ 48819), MBB (@ 48465)
ahead of Ks @ 48258 which is also the neckline of the potential H & S.
Currently traded around the tactical uptrend line sup & res.
Watch the following levels over the coming hours :
1) Uptrend resistance line
2) Tactical uptrend line
Breakout of one of those 2 levels will give the direction.
BULLISH :
Breakout of the tactical uptrend, confirmed by a second breakout
of the uptrend resistance line would open the door for higher level
and would invalidate the potential H & S formation in progress.
BEARISH :
Below the tactical uptrend, minor support to look at is the blue
support line, then TS (@ 48819), MBB (@ 48465)
ahead of Ks @ 48258 which is also the neckline of the potential H & S.
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