I am back into Crypto again. After a long bout in only trading stocks I feel I have honed in my TA a little more, simplified it and have been better at looking for patterns and letting them play out. BTC is showing me something here that could give us our moon shot into the end of the year or early next year. I would love to see this Inverse Head and Shoulders play out.
Why I believe it will happen. - Futures will want to fill that gap. Could be a shock to the system causing a little more selling. - We will want to create a higher low, this is healthy and will cool off oscillators. - Testing the 50 or 100MA and bouncing from it will be *chefs kiss* - Adding as well testing the long term trend line that was broken a few weeks back.
Long term this would be bullish to print this higher low. I know I will be there ready to buy the dip!
Catatan
Update: We have rejected on the trendline and look poised to create the shoulder for our iH&S.
Catatan
My O my, we have ourselves an attempt at the gap. Look poised to fill it. WIll look for a lot of volume there and a reversal to the upside.
Catatan
Didn't meet the gap but its looking bear flagish on 4H chart. I think we make another attempt.
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