AustinBarnard

BTCUSD 1H - Swing Short to form Inverse H&S

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Price looks like its forming an Inverse Head & Shoulders pattern on larger time frames before continuing higher. Whether macro price going higher or lower, short term (1H) price looks bearish. Red Ray was support now turned resistance. I love levels built around doji's. Gray zone was fresh 1H demand that price is bouncing off of as expected. I see price rejecting the red line before heading further down to the stronger green demand zone price target.

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.