Using past traces to predict future path. Based on similar price action patterns and the 50 DMA. This is the Bullish case scenario if the H&S top does not play out.. I like how this one is sticking in it's (blue lined) channel so I am more bullish than bearish for now.. but not fully convinced until I see it stick to the projected path (green line) shown..
BTCUSD
BTCUSD
Comment:
though its early...so far the pricing action seems to be mimicking the projected moving average (green line).. i expect light sideways (14500 -15500) trading until end of month and to ramp up into 2018 as shown. As this progresses, the H&S top the masses saw will be no longer suspect.