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goraxes_

Textbook like Inverted H&S on the 4H?

Long
Bitcoin (BITSTAMP:BTCUSD)  
goraxes_ Updated   
BITSTAMP:BTCUSD   Bitcoin
Moving Averages Head and Shoulders Support and Resistance BTCUSD BTCUSDT
10
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movingaverage headandshoulders supportandresistance btcusd btcusdt
If price goes down but finds support higher than 54k, this formation is imminent. A sure way to exit the 50-60k zone.
The 4h 50MA is currently around 56k, which makes it a perfect support level for this kind of action.
Comment:
It's happening. Now.
Comment:
Still an inverted H&S. A bit different, but still... Wait and see if it plays out, or we are having some other kind of situation here.
Comment:
Completed. It took a different shape and more time but finally happened.
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