A 4hr H&S inside a Daily Inverted H&S #Inception
BTC Update
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (coindesk.com/the-eus-biggest-etf-firm-expands-into-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
Bull Scenario
- The Inverted H&S on the daily plays out and we will get a good bounce to the upside sometime next week.
- News of a Euro ETF was posted yesterday. (coindesk.com/the-eus-biggest-etf-firm-expands-into-crypto-products/)
- We've seemed to hit a nice short term bottom.
Bear Scenario
- Looks like a Head and Shoulders will form and retest $6430.
- However, this will play into the Inverted H&S on the Daily which is the chart we should also focus on.
- RSI is showing Bearish divergence indicating downwards movement.
註釋
Looks like that H&S didn't play out as I had thought. Wow lol
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