Bitcoin 4 hr Stoc RSI make or break right this bar Y/N?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
H & S or bull trap ? I'm still confident that this Williams Fractal set-up will cradle the market for the next leg up. I haven't been getting any signals on MACD or Stoch RSI for quite a while. So here's an idea on the 4 hour chart. I've marked the key points in the Stoch RSI with green lines and arrows. The last pattern the preceeding oversold condition read 12.5 at its lowest, and the following oversold condition dropped bleow that to 5.4. Therefore I'm thinking that if expecting the next leg up then the preceeding oversold condition to the current one read 1.7 at its lowest. For a buy opportnity this time I'm thinking maybe oversold condition will have to drop to less than 1.7. Hopefully the price will also still be within the safe zone of the Wiliams Fractal cradle. It's touching zero at the minute so this 4 hour bar could be the make or break. Sorry, but this post will appear after the four hour bar I'm referring too closes. Then again the low of that bar should hold if it repeats like last time.
Comment: Stoch RSI heading up looks promising double bottom. Many analysts say market has got to end up by so much today or trouble, and looks like will do.
Comment: Latest post for 4 hour chart

Bitcoin price channel ready to fire upward Y/N

I think there is a lot of buying power below the low that's been made i.e. lots of Fib support, and I don't think there is much left on the downside even if it did break lower.
Comment: Yellow line second 'E' badly drawn. Here are two possible calculations one real and one theoretical.

Drop of first "E" $11,065 - $ 10,210 = $855. Therefore drop of second "E" is real rise of "B" to $9,177 - $855 = $8,322. Alternatively, rise of first "B" was $11,065 - $9,280 = $1,785. Therefore, theoretical rise of second "B" was $7,240 + $1,785 = $9,025. Then theoretically second drop "E" $9,025 - $855 = $8,170.
Comment: In my latest postings I've identified new big downside risks. Maybe I should also note that bounce after "E" last time was beginning of new month and we have not reached end of March yet.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out