DrDovetail

3 hour goldencross vs. potential h&s breakdown

BITSTAMP:BTCUSD   比特幣
bull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down. his is also the case on the 4hr stochrsi as well (not shown here). As for the bearish side of things we have a potential head and shoulder breakdown being threatened...however the volume on the candles below the neckline thus far has not been the type you would typically see with a legitimate breakdown suggesting it could be a fakeout...also the entire h&s volume profile from the left shoulder to the right is kind of suspect as well. I'm still anticipating a fakeout but if it does breakdown the target is right around the 3hour 200ma so I'm guessing we could easily bounce right back up odd that zone if a breakdown does occur. Of course, just above the bull flag we have been in we have once again met extremely strong resistance from the 1 day 50ma and the top trendline of the falling wedge we've been trapped in for awhile. So it wouldn't surprise me if the price action decided to continue back downward and retest the weekly 200ma. As always its wise to be patient and wait for a surge in volume confirming the break one way or the other before making a decision.
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。