FibnFork

Inverse H&S + candlestick patterns

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COINBASE:BTCUSD   Bitcoin
Along with my previous analysis 4H chart is setting up an inverse head & shoulders (albeit not a perfect one). Break of the neckline could coincide with the break of the RSI trend.
Some bullish doji/hammer patterns
If the daily candlestick too turns into a hammer pattern will be a strong bullish signal.
RSI still capping short term advances
Komentar:
RSI broken thru along with neckline.
Next semi resistance at red rectangle (some fib retracements + channel mid way point)
Komentar:
Resistance found and triangle made around a confluence of fib levels :
.5 retrace of 17-22 decline
.236 retrace of 22-27 incline
.764 & .618 retrace of 27-30 decline
1.272 extension also found around this level
Komentar:
Mid point of medium term channel too acting as resistance ^

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