BTC has been soaring from it's inverse head & shoulder (more obvious on M5)
Presently, it seems to show signs of bearish move (correction, not impulse)
IF this happens,
xxx price should throwback to the neckline of inverse H&S, or the edge of it's channel (HTF ascending channel)
xxx this will be quick, and notable (in price, character of descent, and wave of panic)
xxx a hidden bullish divergence will form
xxx another opportunity to BUY should present (I'll look for one)
ps.
Of course, I'm still bullish on this. Have been since $33k, and looking forward to $40/41k
Presently, it seems to show signs of bearish move (correction, not impulse)
IF this happens,
xxx price should throwback to the neckline of inverse H&S, or the edge of it's channel (HTF ascending channel)
xxx this will be quick, and notable (in price, character of descent, and wave of panic)
xxx a hidden bullish divergence will form
xxx another opportunity to BUY should present (I'll look for one)
ps.
Of course, I'm still bullish on this. Have been since $33k, and looking forward to $40/41k