Long

BTCUSD: this is not a completion of a H+S

By JonathanKrier

Updated

When compared to the earlier h&s from A.T.H. at $5000 USD, we can see that there is no bearish divergence that would suggest a strong downwards movement towards the mean.

The left shoulders and heads, when compared to both trends, both tell a completely different story when comparing them to their oscillators.

This is a bear trap.

Note

a couple patterns at play here: the Diamond bottom and the Bump n Run

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this is looking more and more like a bear trap. upwards trend from 3k is intact.

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Please, have a look to my other idea, LONG: ETHUSD

ETHUSD: This is the next leg up

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The final solution. the pull back to the bounce off off the top of the downwards TL:

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