Get started
ManuNotWill

Time for action 📉

Short
Bitcoin (BITSTAMP:BTCUSD)  
ManuNotWill Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC head_and_shoulder
2
2
trendanalysis chartpattern indicator btcusd btc head_and_shoulder
BTCUSD 1H

- H&S with confirmations
- Volume descending trend matured
- MTF Volatility stop bearish break after long consolidation

Expecting volatility in the next hours, with direction to the downside.
Comment:
You can see volume increasing while the price is goin down. 15.4k is only a temporary support.

I expect PA to push further down.
Comment:
PA retesting previous pivots in yellow.
Volume had a descending trend during price pump, but the pump may not be finished,until a breakout.
At most price will peak to 17k~17.5k to trap longs and then dump to new lows. Maybe PA will also retest trend line in red.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.