Odd place for a H&S, but as far as the structure of the pattern its pretty textbook with a retest. The position of it is a little unusual to me.
Let me know what you think, and if you've ran into a H&S positioned this way.
I know a lot has been going on in the world, but Bitcoin has been showing unusually high volume with usdt pairs as opposed to usd pairing. It can get interesting coming up to this line here with volume and divergence after being mostly sideways since June. Of course, anything is possible here. We could reject and continue down, break this trend and continue...
Looks to me that Bitcoin is at an area that will determine what the crypto markets will be like in the near future. I feel that a close below this area will bring on more bearish sentiment in the crypto market where as holding above this support area could be bullish for the crypto market as a whole. The last test of the diagonal support, back in july, we had a...
Matic has been ranging well, but a head and shoulders could be a problem at the diagonal support. It really could go either way once price gets back to support. Just something to pay attention to and act accordingly when/if the time comes.
