BTC-USD ( Bitstamp) Possible INV H & S about to compleet.
Hi Guys,
Short OSB here. :)
Momentum is looking good for the bulls guys. I think we can expect overlevs shorts to close anytime soon.
We needed some really nice confluences between the indicators for the Bulls and thats what we are starting to get.
1- Higher high on price action.
2- MACD bullish cross on the 4hr and 1D. OBV making a higher high. And the STOCH showing power momentum.
3- Sequential went Bullish, so the trend should be a fresh one. ( 4hr)
4- Possibe Inv. H&S forming on a break of 4380 ( Stamp)
Having said that, That Kumo is forming a heavy resistance area that is only able to be pierced with enough volume. So the above mentioned signals are everything we need to for a BGD.
I have set two short term targets is case this all plays out, taking in account the top the INV.H&S measurements and the top of the Kumo, as well as the overhead Trendline.
If we get rejected by the Kumo and breakdown under 3950, i'll be bearish again.
Happy trading.
Short OSB here. :)
Momentum is looking good for the bulls guys. I think we can expect overlevs shorts to close anytime soon.
We needed some really nice confluences between the indicators for the Bulls and thats what we are starting to get.
1- Higher high on price action.
2- MACD bullish cross on the 4hr and 1D. OBV making a higher high. And the STOCH showing power momentum.
3- Sequential went Bullish, so the trend should be a fresh one. ( 4hr)
4- Possibe Inv. H&S forming on a break of 4380 ( Stamp)
Having said that, That Kumo is forming a heavy resistance area that is only able to be pierced with enough volume. So the above mentioned signals are everything we need to for a BGD.
I have set two short term targets is case this all plays out, taking in account the top the INV.H&S measurements and the top of the Kumo, as well as the overhead Trendline.
If we get rejected by the Kumo and breakdown under 3950, i'll be bearish again.
Happy trading.