1hrchart
30 minute chart inv h&s attempting to trigger on btcusd 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 maintain solidified support. Secondly, I chose to show the 1hr time frame to show how if we sustain this breakout how quickly we can flip this 1hr deathcross back into a 1hr goldencross which would confirm the 1hr deathcross fakeout and be a very bullish sign...not only that but he the 4hr 50ma is also starting to curl upward because of this bullish candle and I'm confident if we can achieve a sustained 1hr golden cross we will see the 4hr golden cross occur and be sustained as well confirming the 4hr deathcross fakeout which would be an extremely bullish development too. As I have been saying in several recent ideas I thought that even if the 4hr deathcross were t occur that probability favored it being a fakeout that soon flipped back into a 4hr golden cross and it seems right now that that has a very real chance of still occurring...it all rests on the 1hr 200mas shoulders though. Weekends are notorious for dumping so this breakup could be the fakeout..so all eyes on the 1hr 200ma maintaining support. If it doesnt we still have a bear flag, a rising wedge, and a normal h&s to worry about in the bears artillery.
(Looking for a retest at the 105 level on smaller timeframes)(Looking for a retest at the 105 level on smaller timeframes)
btc reaches 1hr bullflag breakout target, starts forming h&s.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.
1hr chart on xrpbtc impending golden cross + adam & eve dbl bttmnot 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.
