We can see here on the 1hr chart that this 30minute chart inv h&s is trying to trigger a breakout and the current 1hr candle does have some convincing volume behind it. The reason for showing the 1hr chart is 2fold. Firstly, this 1hr chart 200ma(in blue) is clutch support...to sustain this inverted head and shoulder breakout all we need is for the 1hr 200ma to...
we can see that btc hit the 1hr bullflag breakout target the immediate went back down under the top trendline of the bigger symmetrical triangle and is now forming a 1hr head and shoulders pattern. I plan on holding until I se the horizontal dashed green line flip to solidified resistance. For now this could still easily be a h&s fakeout. For now we wait.
not that 1 hour patterns or 1hr golden crosses are all that significant, but this could snowball into bullish breaks on bigger more significant time frames.
